Bearish flow noted in HP Inc. (HPQ) with 17,954 puts trading, or 8x expected. Most active are Sep-25 15 puts and May-25 23 puts, with total volume in those strikes near 10,400 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 15 points on the day. Earnings are expected on May 28th.
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