Bearish flow noted in XP Inc with 48,678 puts trading, or 5x expected. Most active are Apr-23 9 puts and Apr-23 11 puts, with total volume in those strikes near 36,000 contracts. The Put/Call Ratio is 34.60, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
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Published first on TheFly
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