Bearish flow noted in Nordstrom with 3,274 puts trading, or 4x expected. Most active are 5/31 weekly 19 puts and 6/7 weekly 21 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.59, while ATM IV is up over 4 points on the day. Earnings are expected on May 30th.
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