Bearish flow noted in Sirius XM with 25,766 puts trading, or 13x expected. Most active are Feb-23 5.5 puts and Feb-23 6 puts, with total volume in those strikes near 24,700 contracts. The Put/Call Ratio is 6.95, while ATM IV is up over 1 point on the day. Earnings are expected on February 2nd.
Published first on TheFly
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