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VIZIO Holding Corp put volume heavy and directionally bearish

Bearish flow noted in VIZIO Holding Corp with 14,696 puts trading, or 12x expected. Most active are May-24 10 puts and May-24 11 calls, with total volume in those strikes near 18,100 contracts. The Put/Call Ratio is 1.63, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 9th.

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