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Monster Beverage put volume heavy and directionally bearish

Bearish flow noted in Monster Beverage (MNST) with 5,015 puts trading, or 1.1x expected. Most active are Jun-25 52.5 puts and Jun-25 55 calls, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 2.35, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 1st.

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