Bearish flow noted in Enovix with 3,676 puts trading, or 2x expected. Most active are 1/5 weekly 13 puts and Jan-24 13.5 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 2.90, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 28th.
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