Bearish flow noted in Southern Co with 1,965 puts trading, or 5x expected. Most active are Jan-24 50 puts and 4/28 weekly 75 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.02, while ATM IV is up over 1 point on the day. Earnings are expected on April 27th.
Published first on TheFly
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