Bearish flow noted in United Continental with 8,834 puts trading, or 1.2x expected. Most active are Jan-24 28 puts and Apr-23 55 calls, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 1.59, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 19th.
Published first on TheFly
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