Bearish flow noted in Wayfair with 13,465 puts trading, or 1.3x expected. Most active are Jan-23 35 puts and Jan-23 40 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 3.14, while ATM IV is up nearly 8 points on the day. Earnings are expected on February 23rd.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on W: