Bearish flow noted in CF Industries with 3,360 puts trading, or 3x expected. Most active are Aug-23 60 puts and 2/24 weekly 85 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.69, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 15th.
Published first on TheFly
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