Bearish flow noted in Royal Caribbean with 12,290 puts trading, or 2.0x expected. Most active are Jan-24 30 puts and Jan-23 61 puts, with total volume in those strikes near 7,100 contracts. The Put/Call Ratio is 2.76, 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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