Bearish flow noted in Wayfair (W) with 6,191 puts trading, or 3x expected. Most active are 4/10 weekly 69 puts and May-26 75 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 4.59, while ATM IV is up over 12 points on the day. Earnings are expected on April 30th.
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