3/13/2023-Unusual Options Activity In UPST

$UPST – Bearish flow noted in Upstart Holdings (15.01 -0.50) with 22,360 puts trading, or 2x expected. The Put/Call Ratio is 3.45, while ATM IV is up over 14 points on the day. Earnings are expected on 05/08. The MAR 17th 12.00 Puts are catching bids.