Bearish flow noted in GEO Group with 2,590 puts trading, or 4x expected. Most active are Jan-24 5 puts and Jan-23 10 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.65, 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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