Bearish flow noted in Nordstrom with 1,916 puts trading, or 1.4x expected. Most active are 5/31 weekly 21 puts and Jun-24 20 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.55, while ATM IV is up nearly 9 points on the day. Earnings are expected on May 30th.
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