Bearish flow noted in ChargePoint Holdings with 68,301 puts trading, or 3x expected. Most active are 12/23 weekly 8.5 puts and 12/30 weekly 8.5 puts, with total volume in those strikes near 51,400 contracts. The Put/Call Ratio is 2.24, while ATM IV is up over 7 points on the day. Earnings are expected on March 2nd.
Published first on TheFly
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