Bearish flow noted in Plug Power with 33,989 puts trading, or 10x expected. Most active are Jan-23 10 puts and Mar-23 20 calls, with total volume in those strikes near 32,700 contracts. The Put/Call Ratio is 4.27, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 1st.
Published first on TheFly
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