Bearish flow noted in Suncor with 3,448 puts trading, or 2x expected. Most active are Jan-26 18 puts and Feb-24 31.5 calls, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.74, while ATM IV is up over 2 points on the day. Earnings are expected on February 21st.
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