Bearish flow noted in Disney (DIS) with 8,868 puts trading, or 1.7x expected. Most active are Mar-26 100 puts and 2/27 weekly 95 puts, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 2.41, while ATM IV is up over 1 point on the day. Earnings are expected on May 6th.
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