Bearish flow noted in Comstock Resources with 6,274 puts trading, or 9x expected. Most active are Jan-23 15 puts and Dec-22 15 calls, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 4.11, while ATM IV is up over 2 points on the day. Earnings are expected on February 14th.
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Published first on TheFly
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