Bearish flow noted in New Oriental Education with 1,339 puts trading, or 3x expected. Most active are 12/30 weekly 34 puts and Jan-23 25 puts, with total volume in those strikes near 690 contracts. The Put/Call Ratio is 4.96, while ATM IV is up over 3 points on the day. Earnings are expected on January 17th.
Published first on TheFly
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