Bearish flow noted in Rio Tinto with 2,797 puts trading, or 5x expected. Most active are Mar-23 67.5 puts and Mar-23 80 calls, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.79, while ATM IV is up over 1 point on the day. Earnings are expected on February 22nd.
Published first on TheFly
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