Bearish flow noted in Pagaya (PGY) Technologies with 8,606 puts trading, or 3x expected. Most active are Jan-28 5 puts and Aug-26 7 puts, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 2.96, while ATM IV is up over 5 points on the day. Earnings are expected on May 7th.
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