Bearish flow noted in Nike (NKE) with 25,466 puts trading, or 3x expected. Most active are 3/6 weekly 59 puts and 3/13 weekly 58 puts, with total volume in those strikes near 21,100 contracts. The Put/Call Ratio is 2.13, while ATM IV is up nearly 3 points on the day. Earnings are expected on March 31st.
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