Bearish flow noted in QXO (QXO) Inc with 2,533 puts trading, or 4x expected. Most active are Apr-26 19 puts and 3/27 weekly 19.5 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 2.83, while ATM IV is up over 3 points on the day. Earnings are expected on May 7th.
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