Bearish flow noted in Coupang with 7,318 puts trading, or 1.7x expected. Most active are Jun-24 15 puts and Feb-24 15 puts, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 3.21, while ATM IV is up over 1 point on the day. Earnings are expected on February 27th.
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