Bearish flow noted in Snowflake (SNOW) with 5,048 puts trading, or 1.3x expected. Most active are 4/25 weekly 140 puts and Apr-25 150 calls, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 2.10, while ATM IV is up over 2 points on the day. Earnings are expected on May 21st.
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