Bearish flow noted in HanesBrands with 3,119 puts trading, or 1.8x expected. Most active are Jan-25 5 puts and 2/10 weekly 8.5 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 7.55, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 2nd.
Published first on TheFly
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