Bearish flow noted in Analog Devices (ADI) with 2,894 puts trading, or 1.8x expected. Most active are 4/24 weekly 370 puts and Jun-26 380 calls, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 1.74, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 21st.
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