Bearish flow noted in Royal Caribbean with 16,863 puts trading, or 1.2x expected. Most active are Mar-23 40 puts and Feb-23 80 calls, with total volume in those strikes near 11,600 contracts. The Put/Call Ratio is 3.02, while ATM IV is up over 1 point on the day. Earnings are expected on February 3rd.
Published first on TheFly
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