Bearish flow noted in AST SpaceMobile (ASTS) with 18,188 puts trading, or 5x expected. Most active are Jun-25 24 puts and May-25 25 puts, with total volume in those strikes near 14,900 contracts. The Put/Call Ratio is 2.81, while ATM IV is up nearly 7 points on the day. Earnings are expected on May 12th.
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