Bearish flow noted in Stellantis NV with 10,216 puts trading, or 6x expected. Most active are Jan-25 12 puts and Oct-23 18 puts, with total volume in those strikes near 9,400 contracts. The Put/Call Ratio is 4.57, while ATM IV is up over 1 point on the day. Earnings are expected on February 22nd.
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