Bearish flow noted in 3M with 13,186 puts trading, or 4x expected. Most active are 2/3 weekly 110 puts and Mar-23 110 puts, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 1.96, while ATM IV is up over 3 points on the day. Earnings are expected on April 25th.
Published first on TheFly
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