Bearish flow noted in Arbor Realty with 8,138 puts trading, or 1.3x expected. Most active are Mar-24 14 puts and Mar-24 14 calls, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 2.45, while ATM IV is up over 1 point on the day. Earnings are expected on February 16th.
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