Bearish flow noted in Victoria’s Secret with 1,075 puts trading, or 1.1x expected. Most active are Jan-23 35 puts and Jan-24 35 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 1.82, while ATM IV is up over 5 points on the day. Earnings are expected on March 1st.
Published first on TheFly
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