Bearish flow noted in Starbucks with 6,329 puts trading, or 1.3x expected. Most active are 12/8 weekly 97 puts and Jan-24 100 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.99, while ATM IV is up over 1 point on the day. Earnings are expected on February 1st.
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