Bearish flow noted in Sirius XM (SIRI) with 13,730 puts trading, or 9x expected. Most active are Jun-26 23 puts and Jan-28 15 puts, with total volume in those strikes near 9,500 contracts. The Put/Call Ratio is 2.62, while ATM IV is up over 2 points on the day. Earnings are expected on April 30th.
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