Bearish flow noted in Discover with 2,621 puts trading, or 2x expected. Most active are Feb-23 95 puts and 1/13 weekly 110 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 8.71, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 18th.
Published first on TheFly
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