Bearish flow noted in Best Buy with 7,145 puts trading, or 2.0x expected. Most active are Apr-23 70 puts and 3/10 weekly 72 puts, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 9.32, while ATM IV is up over 2 points on the day. Earnings are expected on March 2nd.
Published first on TheFly
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