Bearish flow noted in Astera Labs (ALAB) Inc with 4,278 puts trading, or 2x expected. Most active are Sep-25 55 puts and 4/4 weekly 80 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.89, while ATM IV is up over 7 points on the day. Earnings are expected on May 6th.
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