Bearish flow noted in Paramount Global with 17,780 puts trading, or 1.4x expected. Most active are Dec-22 20 puts and Dec-22 17.5 puts, with total volume in those strikes near 7,500 contracts. The Put/Call Ratio is 2.09, while ATM IV is up over 1 point on the day. Earnings are expected on February 14th.
Published first on TheFly
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