Heavy put volume in Paramount Global. 13k puts have traded on the media company this morning, vs 8700 calls, with Jan 6th weeklys making up 56% of the volume. Much of the flow hit just after 10:43 ET when sweep buyer(s) paid 49c for 3800 Jan 6 18 puts and 4c for nearly 3900 16.5 puts, both opening. Earnings expected mid Feb.
Published first on TheFly
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