Bearish flow noted in GEO Group with 3,986 puts trading, or 3x expected. Most active are Jan-24 5 puts and Dec-22 13 calls, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 1.53, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 16th.
Published first on TheFly
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