Bearish flow noted in Caterpillar with 19,050 puts trading, or 1.8x expected. Most active are Mar-23 200 puts and 2/3 weekly 250 puts, with total volume in those strikes near 11,000 contracts. The Put/Call Ratio is 3.96, while ATM IV is up over 1 point on the day. Earnings are expected on January 31st.
Published first on TheFly
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