Bearish flow noted in Blue Owl Capital (OWL) with 22,736 puts trading, or 3x expected. Most active are Mar-26 10 puts and Mar-26 10.5 puts, with total volume in those strikes near 9,200 contracts. The Put/Call Ratio is 7.00, while ATM IV is up nearly 6 points on the day. Earnings are expected on April 30th.
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