Bearish flow noted in Expedia (EXPE) with 2,758 puts trading, or 1.1x expected. Most active are 4/4 weekly 160 puts and 3/28 weekly 170 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 4.52, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 8th.
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