Bearish flow noted in Lam Research with 6,024 puts trading, or 1.4x expected. Most active are Dec-22 430 puts and Jun-23 420 puts, with total volume in those strikes near 730 contracts. The Put/Call Ratio is 1.53, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 25th.
Published first on TheFly
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