Bearish flow noted in Nu Holdings with 8,419 puts trading, or 1.9x expected. Most active are May-24 10.5 puts and May-24 10 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 1.53, while ATM IV is up over 2 points on the day. Earnings are expected on May 14th.
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