Bearish flow noted in Zillow (Z) with 2,889 puts trading, or 1.4x expected. Most active are Mar-25 72.5 puts and Mar-25 74 puts, with total volume in those strikes near 810 contracts. The Put/Call Ratio is 7.00, while ATM IV is up over 1 point on the day. Earnings are expected on May 7th.
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