Bearish flow noted in Seagate with 2,899 puts trading, or 1.3x expected. Most active are 3/22 weekly 86 puts and 4/5 weekly 87 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 1 point on the day. Earnings are expected on April 18th.
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