Bearish flow noted in Cinemark with 2,047 puts trading, or 1.6x expected. Most active are Sep-23 5 puts and Feb-23 5 calls, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 5.78, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 24th.
Published first on TheFly
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