Bearish flow noted in Moderna (MRNA) with 30,449 puts trading, or 6x expected. Most active are Apr-25 25 puts and 4/11 weekly 27 puts, with total volume in those strikes near 9,400 contracts. The Put/Call Ratio is 1.57, while ATM IV is up nearly 9 points on the day. Earnings are expected on May 1st.
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