Bearish flow noted in Analog Devices (ADI) with 1,551 puts trading, or 1.4x expected. Most active are Jun-25 185 puts and Jun-25 190 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.48, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 21st.
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