Bearish flow noted in Coupang with 3,004 puts trading, or 1.1x expected. Most active are Apr-24 17.5 puts and May-24 19 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 2.83, while ATM IV is up over 2 points on the day. Earnings are expected on May 7th.
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