Bearish flow noted in Ringcentral with 1,048 puts trading, or 1.3x expected. Most active are Feb-23 39 puts and Mar-23 30 puts, with total volume in those strikes near 790 contracts. The Put/Call Ratio is 3.34, while ATM IV is up over 2 points on the day. Earnings are expected on February 15th.
Published first on TheFly
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