Bearish flow noted in Uber with 16,444 puts trading, or 1.1x expected. Most active are 1/27 weekly 20 puts and Jan-23 25 puts, with total volume in those strikes near 10,700 contracts. The Put/Call Ratio is 2.14, while ATM IV is up over 2 points on the day. Earnings are expected on February 8th.
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