Bearish flow noted in Tenet with 5,413 puts trading, or 5x expected. Most active are Dec-22 30 puts and 11/11 weekly 39 calls, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 13.74, while ATM IV is up over 4 points on the day. Earnings are expected on February 7th.
Published first on TheFly
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