Bearish flow noted in Lemonade (LMND) with 4,127 puts trading, or 3x expected. Most active are Apr-26 50 puts and 4/2 weekly 72 calls, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 1.95, while ATM IV is up over 4 points on the day. Earnings are expected on May 5th.
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