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Gap put volume heavy and directionally bearish
The Fly

Gap put volume heavy and directionally bearish

Bearish flow noted in Gap with 6,820 puts trading, or 2x expected. Most active are Mar-23 10 puts and Jan-23 12.5 calls, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 2.88, while ATM IV is up over 2 points on the day. Earnings are expected on March 2nd.

Published first on TheFly

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