Bearish flow noted in Southwestern Energy with 7,750 puts trading, or 5x expected. Most active are Feb-23 5 puts and Jan-25 5 calls, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 2.80, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 23rd.
Published first on TheFly
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