Bearish flow noted in Dropbox with 1,570 puts trading, or 1.5x expected. Most active are Apr-24 21.5 puts and Oct-24 29 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 12.46, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 2nd.
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