Bearish flow noted in United Continental with 7,183 puts trading, or 1.0x expected. Most active are Feb-24 34 puts and 12/29 weekly 46 calls, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 2.41, while ATM IV is up over 4 points on the day. Earnings are expected on January 22nd.
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