Bearish flow noted in Mastercard (MA) with 7,486 puts trading, or 1.5x expected. Most active are 4/4 weekly 522.5 puts and 4/4 weekly 535 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 1.53, while ATM IV is up over 6 points on the day. Earnings are expected on April 30th.
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