Bearish flow noted in Texas Instruments with 8,869 puts trading, or 1.6x expected. Most active are Jan-23 170 puts and Jan-23 172.5 puts, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 2.21, while ATM IV is up over 1 point on the day. Earnings are expected on January 24th.
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