Monster Beverage put volume heavy and directionally bearish

Bearish flow noted in Monster Beverage (MNST) with 1,996 puts trading, or 2x expected. Most active are Apr-25 56 puts and Apr-25 60 calls, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.17, while ATM IV is up over 6 points on the day. Earnings are expected on May 1st.

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