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HP Inc. put volume heavy and directionally bearish

Bearish flow noted in HP Inc. with 7,726 puts trading, or 2x expected. Most active are Aug-23 28 puts and Aug-23 26 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 2.64, while ATM IV is up over 3 points on the day. Earnings are expected on February 28th.

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Published first on TheFly

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