Bearish flow noted in Avis Budget (CAR) with 4,574 puts trading, or 1.8x expected. Most active are Mar-25 70 puts and 3/28 weekly 71 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 5.50, while ATM IV is up over 7 points on the day. Earnings are expected on April 30th.
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