Bearish flow noted in Pure Storage with 10,826 puts trading, or 4x expected. Most active are Mar-23 28 puts and Mar-23 27 puts, with total volume in those strikes near 9,800 contracts. The Put/Call Ratio is 14.49, 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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