Align Technology put volume heavy and directionally bearish
The Fly

Align Technology put volume heavy and directionally bearish

Bearish flow noted in Align Technology with 1,233 puts trading, or 1.5x expected. Most active are Jul-24 175 puts and 2/9 weekly 225 puts, with total volume in those strikes near 880 contracts. The Put/Call Ratio is 3.23, while ATM IV is up over 2 points on the day. Earnings are expected on January 31st.

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