Bearish flow noted in Spirit Airlines with 26,824 puts trading, or 1.2x expected. Most active are 3/8 weekly 5 puts and Mar-24 5.5 puts, with total volume in those strikes near 17,200 contracts. The Put/Call Ratio is 2.07, while ATM IV is up nearly 5 points on the day. Earnings are expected on April 25th.
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