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Ford put volume heavy and directionally bearish

Bearish flow noted in Ford with 95,914 puts trading, or 5x expected. Most active are Jan-23 12.5 puts and Feb-23 12 puts, with total volume in those strikes near 74,900 contracts. The Put/Call Ratio is 2.84, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 2nd.

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Published first on TheFly

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