Bearish flow noted in Dropbox with 2,150 puts trading, or 1.1x expected. Most active are Jan-25 10 puts and Nov-22 19 calls, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 2.77, while ATM IV is up over 2 points on the day. Earnings are expected on February 16th.
Published first on TheFly
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