Bearish flow noted in 21Vianet with 6,764 puts trading, or 6x expected. Most active are Sep-25 5 puts and May-25 5 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 16.07, while ATM IV is up nearly 7 points on the day. Earnings are expected on May 28th.
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