Bearish flow noted in Shift4 Payments with 1,221 puts trading, or 2x expected. Most active are Jul-24 67.5 puts and Apr-24 60 puts, with total volume in those strikes near 630 contracts. The Put/Call Ratio is 3.22, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 2nd.
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