Put Buying Activity in ViacomCBS (VIAC) Targets 4% Downside in Shares Through Friday -Susquehanna

Susquehanna options strategist notes put buying activity in ViacomCBS (NASDAQ: VIAC), as an opening investor bought 11k Apr23 38 Puts, with follow on flows taking the total volume up to 19k on the day. This investor opens downside protection against a move below $38 (-2.9%) through Friday, breaking even ~4% lower.

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