Bearish flow noted in Lowe’s (LOW) with 7,675 puts trading, or 4x expected. Most active are 3/13 weekly 240 puts and Apr-26 220 puts, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 6.24, while ATM IV is up over 1 point on the day. Earnings are expected on May 20th.
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