Bearish flow noted in Rio Tinto with 1,667 puts trading, or 1.6x expected. Most active are Jan-24 51.88 puts and Aug-24 47.5 puts, with total volume in those strikes near 590 contracts. The Put/Call Ratio is 2.04, while ATM IV is up over 2 points on the day. Earnings are expected on February 21st.
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