Bearish flow noted in Globalfoundries (GFS) with 3,415 puts trading, or 2x expected. Most active are Mar-26 40 puts and Mar-26 45 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 2.88, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 5th.
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