Carnival put volume heavy and directionally bearish
The Fly

Carnival put volume heavy and directionally bearish

Bearish flow noted in Carnival with 32,948 puts trading, or 3x expected. Most active are Jan-25 15 puts and Sep-24 16 puts, with total volume in those strikes near 14,300 contracts. The Put/Call Ratio is 2.37, while ATM IV is up over 1 point on the day. Earnings are expected on September 26th.

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