Bearish flow noted in Avis Budget (CAR) with 4,036 puts trading, or 1.9x expected. Most active are Mar-26 120 puts and Mar-26 100 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 135, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 7th.
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