Bearish flow noted in Vertiv (VRT) Holdings with 5,735 puts trading, or 1.3x expected. Most active are May-26 290 puts and 5/1 weekly 287.5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 2.04, while ATM IV is up over 2 points on the day. Earnings are expected on July 29th.
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