Bearish flow noted in Fermi (FRMI) Inc. Common Stock with 2,658 puts trading, or 3x expected. Most active are May-26 5 puts and May-26 7.5 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 9.04, while ATM IV is up nearly 7 points on the day. Earnings are expected on March 24th.
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