Bearish flow noted in FIGS (FIGS) with 1,325 puts trading, or 11x expected. Most active are Apr-26 12.5 puts and Oct-26 12.5 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 77.94, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 7th.
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