Bearish flow noted in TripAdvisor with 3,325 puts trading, or 3x expected. Most active are Jan-24 15 puts and Jan-24 23 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 3.07, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 15th.
Published first on TheFly
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