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Best Buy put volume heavy and directionally bearish

Bearish flow noted in Best Buy with 12,773 puts trading, or 3x expected. Most active are Dec-23 74 puts and Dec-23 75 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.77, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 29th.

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