Bearish flow noted in HP Inc. (HPQ) with 2,924 puts trading, or 3x expected. Most active are Sep-25 22 puts and Dec-25 27 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 6.86, while ATM IV is up over 1 point on the day. Earnings are expected on May 28th.
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