Bearish flow noted in Enovix with 1,164 puts trading, or 4x expected. Most active are Mar-23 7.5 puts and 2/24 weekly 8.5 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.10, while ATM IV is up over 2 points on the day. Earnings are expected on February 22nd.
Published first on TheFly
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