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Overstock com put volume heavy and directionally bearish

Bearish flow noted in Overstock com with 2,555 puts trading, or 4x expected. Most active are Mar-23 20 puts and 12/30 weekly 22 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.06, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 23rd.

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Published first on TheFly

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