Bearish flow noted in Seagate with 3,733 puts trading, or 4x expected. Most active are 12/2 weekly 51 puts and 12/2 weekly 52 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 9.57, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 25th.
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Published first on TheFly
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