Bearish flow noted in Expedia (EXPE) with 1,626 puts trading, or 1.3x expected. Most active are Apr-25 165 puts and Jun-25 120 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.78, while ATM IV is up over 5 points on the day. Earnings are expected on May 8th.
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