Bearish flow noted in Blue Owl Capital (OWL) with 15,586 puts trading, or 1.3x expected. Most active are Apr-26 10 puts and Jan-27 13 puts, with total volume in those strikes near 11,700 contracts. The Put/Call Ratio is 5.04, while ATM IV is up nearly 5 points on the day. Earnings are expected on April 30th.
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