Bearish flow noted in Vertiv Holdings with 5,485 puts trading, or 1.1x expected. Most active are 11/24 weekly 41 puts and 11/24 weekly 44.5 calls, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 4.88, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 21st.
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