Bearish flow noted in Dow Chemical with 7,420 puts trading, or 1.6x expected. Most active are Jan-24 50 puts and Jun-23 22.5 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.56, while ATM IV is up over 2 points on the day. Earnings are expected on April 20th.
Published first on TheFly
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