Bearish flow noted in Lithium Americas with 4,555 puts trading, or 9x expected. Most active are Jan-23 20 puts and Feb-23 17.5 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 2.87, while ATM IV is up nearly 3 points on the day. Earnings are expected on March 16th.
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Published first on TheFly
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