Bearish flow noted in Paramount (PARA) Global with 6,063 puts trading, or 2x expected. Most active are Aug-25 10 puts and Jan-26 10 puts, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 5.12, while ATM IV is up over 17 points on the day. Earnings are expected on May 8th.
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