Bearish flow noted in Itau Unibanco with 6,760 puts trading, or 15x expected. Most active are Dec-22 5 puts and Nov-22 5 puts, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 5.19, while ATM IV is up over 3 points on the day. Earnings are expected on November 10th.
Published first on TheFly
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