Bearish flow noted in Caterpillar with 10,897 puts trading, or 2x expected. Most active are Dec-22 200 puts and 11/11 weekly 210 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 2.17, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 26th.
Published first on TheFly
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