Bearish flow noted in Align Technology with 2,580 puts trading, or 1.6x expected. Most active are Feb-23 280 puts and Feb-23 320 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.36, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 26th.
Published first on TheFly
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