Bearish flow noted in Starbucks with 6,254 puts trading, or 1.3x expected. Most active are Jan-23 97.5 puts and Jan-23 95 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 2.84, while ATM IV is up over 1 point on the day. Earnings are expected on February 2nd.
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Published first on TheFly
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