Bearish flow noted in Seagate with 3,282 puts trading, or 1.4x expected. Most active are 12/9 weekly 48.5 puts and 12/9 weekly 56 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.60, while ATM IV is up over 1 point on the day. Earnings are expected on January 25th.
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