Bearish flow noted in Enovix with 1,643 puts trading, or 3x expected. Most active are Jul-23 10 puts and Mar-23 10 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.70, while ATM IV is up over 3 points on the day. Earnings are expected on February 22nd.
Published first on TheFly
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