Bearish flow noted in HP Inc. with 1,702 puts trading, or 1.1x expected. Most active are 12/30 weekly 25.5 puts and 12/30 weekly 27.5 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.49, while ATM IV is up over 1 point on the day. Earnings are expected on February 27th.
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