Bearish flow noted in HP Inc. with 2,114 puts trading, or 1.5x expected. Most active are Jan-23 26 puts and Jan-23 27 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.85, while ATM IV is up over 1 point on the day. Earnings are expected on February 27th.
Published first on TheFly
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