Bearish flow noted in Arista Networks with 2,106 puts trading, or 1.9x expected. Most active are Jan-23 113 puts and Mar-23 110 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.89, while ATM IV is up over 2 points on the day. Earnings are expected on February 13th.
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