Bearish flow noted in Overstock com with 4,389 puts trading, or 4x expected. Most active are 2/24 weekly 20.5 puts and 2/24 weekly 32 calls, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 2.52, while ATM IV is up nearly 6 points on the day. Earnings are expected on February 22nd.
Published first on TheFly
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