Bearish flow noted in Futu Holdings with 67,214 puts trading, or 25x expected. Most active are 12/30 weekly 40 puts and 1/6 weekly 40 puts, with total volume in those strikes near 11,600 contracts. The Put/Call Ratio is 1.68, while ATM IV is up nearly 27 points on the day. Earnings are expected on March 9th.
Published first on TheFly
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