Bearish flow noted in MicroStrategy with 2,711 puts trading, or 1.0x expected. Most active are 12/23 weekly 155 puts and 12/23 weekly 150 puts, with total volume in those strikes near 620 contracts. The Put/Call Ratio is 3.86, while ATM IV is up over 1 point on the day. Earnings are expected on January 31st.
Published first on TheFly
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