Bearish flow noted in National Instruments with 4,537 puts trading, or 4x expected. Most active are Apr-23 42.5 puts and Apr-23 47.5 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 7.16, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 27th.
Published first on TheFly
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