Bearish flow noted in Nordstrom with 8,607 puts trading, or 2x expected. Most active are 12/9 weekly 19.5 puts and 12/9 weekly 18.5 puts, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 6.83, while ATM IV is up over 3 points on the day. Earnings are expected on February 28th.
Published first on TheFly
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