Bearish flow noted in Blackstone Mortgage with 3,359 puts trading, or 5x expected. Most active are Jan-25 8 puts and Dec-23 22 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 6.39, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 7th.
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Read More on BXMT:
- Blackstone Mortgage call volume above normal and directionally bullish
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