Bearish flow noted in Stellantis NV with 2,640 puts trading, or 1.8x expected. Most active are Jan-24 17.5 puts and Dec-23 19 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 3.64, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 15th.
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