Bearish flow noted in Applied Materials with 4,887 puts trading, or 1.2x expected. Most active are Feb-23 100 puts and Feb-23 97.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.82, while ATM IV is up over 4 points on the day. Earnings are expected on February 15th.
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Published first on TheFly
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