Bearish flow noted in Lowe’s with 3,426 puts trading, or 1.4x expected. Most active are Apr-24 220 puts and Apr-24 240 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 2.34, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 21st.
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