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Shift4 Payments put volume heavy and directionally bearish

Shift4 Payments put volume heavy and directionally bearish

Bearish flow noted in Shift4 Payments with 1,033 puts trading, or 1.0x expected. Most active are Jun-24 67.5 puts and Jul-24 67.5 puts, with total volume in those strikes near 620 contracts. The Put/Call Ratio is 1.80, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.

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