Bearish flow noted in Live Nation with 2,845 puts trading, or 1.2x expected. Most active are Dec-22 70 puts and Dec-22 72.5 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.69, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 23rd.
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