Bearish flow noted in Canadian Pacific with 4,110 puts trading, or 1.2x expected. Most active are Mar-23 70 puts and Mar-23 72.5 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 2.36, while ATM IV is up over 4 points on the day. Earnings are expected on April 26th.
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Published first on TheFly
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