Bearish flow noted in Lyft with 12,080 puts trading, or 1.6x expected. Most active are Feb-23 10 puts and Jan-24 12.5 puts, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 1 point on the day. Earnings are expected on February 7th.
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Published first on TheFly
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