Ironwood put volume heavy and directionally bearish

Bearish flow noted in Ironwood with 2,822 puts trading, or 2x expected. Most active are Apr-24 10 puts and Mar-24 20 calls, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 4.42, while ATM IV is up nearly 6 points on the day. Earnings are expected on May 9th.

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