New Oriental Education put volume heavy and directionally bearish
The Fly

New Oriental Education put volume heavy and directionally bearish

Bearish flow noted in New Oriental Education with 5,579 puts trading, or 18x expected. Most active are Jan-23 22.5 puts and 12/30 weekly 32 calls, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 2.23, while ATM IV is up nearly 7 points on the day. Earnings are expected on January 17th.

Published first on TheFly

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