Bearish flow noted in Cloudflare with 18,023 puts trading, or 3x expected. Most active are 12/22 weekly 82 puts and 12/22 weekly 81 puts, with total volume in those strikes near 9,800 contracts. The Put/Call Ratio is 2.62, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 8th.
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