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Vertiv Holdings put volume heavy and directionally bearish

Bearish flow noted in Vertiv Holdings with 7,900 puts trading, or 6x expected. Most active are Feb-24 50 puts and Feb-24 55 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 3.12, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 21st.

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