Bearish flow noted in Pure Storage with 10,748 puts trading, or 4x expected. Most active are Mar-23 22 puts and Feb-23 23 puts, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 5.59, while ATM IV is up over 1 point on the day. Earnings are expected on March 1st.
Published first on TheFly
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