Bearish flow noted in TripAdvisor with 2,083 puts trading, or 1.4x expected. Most active are May-24 25 puts and 5/10 weekly 24 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 3.13, while ATM IV is up over 1 point on the day. Earnings are expected on May 7th.
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