Bearish flow noted in Pinterest with 21,119 puts trading, or 1.3x expected. Most active are Dec-22 23 puts and Dec-22 24.5 puts, with total volume in those strikes near 6,900 contracts. The Put/Call Ratio is 1.63, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 2nd.
Published first on TheFly
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