Bearish flow noted in Scorpio Tankers with 1,148 puts trading, or 1.6x expected. Most active are 2/3 weekly 49 puts and Feb-23 50 puts, with total volume in those strikes near 860 contracts. The Put/Call Ratio is 1.68, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 16th.
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Published first on TheFly
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