Bearish flow noted in Expedia (EXPE) with 5,426 puts trading, or 2.0x expected. Most active are 5/23 weekly 157.5 puts and 5/30 weekly 155 puts, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 5.24, while ATM IV is up over 1 point on the day. Earnings are expected on August 7th.
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