Bearish flow noted in Mosaic with 5,041 puts trading, or 4x expected. Most active are Dec-23 32.5 puts and 12/8 weekly 35 puts, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 6.33, while ATM IV is up over 1 point on the day. Earnings are expected on February 21st.
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