Bearish flow noted in Lyft (LYFT) with 3,410 puts trading, or 1.0x expected. Most active are 3/13 weekly 13 puts and 3/13 weekly 12.5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 2.76, while ATM IV is up over 2 points on the day. Earnings are expected on May 7th.
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