Bearish flow noted in Blackstone with 18,962 puts trading, or 5x expected. Most active are 12/9 weekly 85 puts and 12/2 weekly 89 calls, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 2.89, while ATM IV is up over 8 points on the day. Earnings are expected on January 26th.
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Published first on TheFly
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