9/6/2023-Unusual Options Activity In ELF

$ELF -Bearish flow noted in E.l.f. Beauty (133.50 -2.75) with 1,684 puts trading, or 1.5x expected. The Put/Call Ratio is 2.38, while ATM IV is up nearly 2 points on the day. Earnings are expected on 11/01. The OCT 20th 120.00 Puts are being bought.