Bearish flow noted in StoneCo with 1,830 puts trading, or 2.0x expected. Most active are Jan-23 9 puts and 1/27 weekly 8.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.97, while ATM IV is up over 1 point on the day. Earnings are expected on March 16th.
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Published first on TheFly
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