Birkenstock Holding (BIRK) 1500 July 60 puts active into 14M share offering

Birkenstock Holding (NYSE: BIRK) 30-day option implied volatility is at 31; compared to its 52-week range of 31 to 76 into announced a selling shareholder plans to offer 14M ordinary shares in a public offering. Call put ratio 1 call to 8.1 puts with a focus on 1500 July 60 puts purchased at $1.70.

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