Bearish flow noted in XP Inc with 24,002 puts trading, or 33x expected. Most active are 3/14 weekly 14 puts and 3/14 weekly 13 puts, with total volume in those strikes near 12,900 contracts. The Put/Call Ratio is 500, while ATM IV is up over 20 points on the day. Earnings are expected on May 20th.
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