Bearish flow noted in Arista Networks with 2,206 puts trading, or 5x expected. Most active are Jan-23 116 puts and Jan-23 124 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.06, while ATM IV is up over 1 point on the day. Earnings are expected on February 13th.
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Published first on TheFly
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