Bearish flow noted in Pinterest (PINS) with 4,501 puts trading, or 1.4x expected. Most active are May-25 13 puts and 5/9 weekly 26.5 calls, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 2.92, while ATM IV is up over 1 point on the day. Earnings are expected on May 8th.
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