Bearish flow noted in Analog Devices with 2,270 puts trading, or 1.1x expected. Most active are 1/6 weekly 160 puts and Jan-23 160 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.53, while ATM IV is up over 1 point on the day. Earnings are expected on February 15th.
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Published first on TheFly
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