Bearish flow noted in Alaska Air (ALK) with 2,595 puts trading, or 4x expected. Most active are Apr-25 60 puts and Oct-25 50 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 11.48, while ATM IV is up over 2 points on the day. Earnings are expected on April 23rd.
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