Bearish flow noted in Comstock Resources with 1,117 puts trading, or 2.0x expected. Most active are Jan-23 11 puts and Feb-23 16 puts, with total volume in those strikes near 770 contracts. The Put/Call Ratio is 3.96, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 14th.
Published first on TheFly
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