Bearish flow noted in Pure Storage with 26,676 puts trading, or 30x expected. Most active are Feb-23 23 puts and Mar-23 23 puts, with total volume in those strikes near 18,500 contracts. The Put/Call Ratio is 6.70, while ATM IV is up over 14 points on the day. Earnings are expected on March 1st.
Published first on TheFly
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