Bearish flow noted in Stellantis (STLA) NV with 2,789 puts trading, or 3x expected. Most active are 5/1 weekly 7 puts and Apr-26 7 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 4.93, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 30th.
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