Bearish flow noted in Sirius XM with 3,202 puts trading, or 1.4x expected. Most active are Mar-23 6 puts and Mar-23 6 calls, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 2.22, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 31st.
Published first on TheFly
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