Bearish flow noted in Mosaic with 4,970 puts trading, or 3x expected. Most active are 2/24 weekly 48 puts and 2/24 weekly 47.5 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 1.86, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 22nd.
Published first on TheFly
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