Bearish flow noted in Activision Blizzard with 6,022 puts trading, or 1.1x expected. Most active are Mar-23 70 puts and Jun-23 80 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 22.06, while ATM IV is up over 2 points on the day. Earnings are expected on February 6th.
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Published first on TheFly
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