Bearish flow noted in Dutch Bros with 4,191 puts trading, or 3x expected. Most active are 12/8 weekly 28 puts and 12/8 weekly 29 calls, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 2.06, while ATM IV is up over 1 point on the day. Earnings are expected on February 21st.
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