Bearish flow noted in Seagate with 5,931 puts trading, or 1.3x expected. Most active are Feb-23 57.5 puts and Feb-23 52.5 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 2.67, while ATM IV is up over 1 point on the day. Earnings are expected on January 25th.
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Published first on TheFly
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