Bearish flow noted in Victoria’s Secret (VSCO) with 11,136 puts trading, or 6x expected. Most active are May-25 15 puts and May-25 17 puts, with total volume in those strikes near 11,000 contracts. The Put/Call Ratio is 43.67, while ATM IV is up over 1 point on the day. Earnings are expected on June 4th.
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