Bearish flow noted in Wayfair (W) with 4,544 puts trading, or 2x expected. Most active are 4/2 weekly 70 puts and 3/27 weekly 73 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 5.92, while ATM IV is up nearly 6 points on the day. Earnings are expected on April 30th.
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