Bearish flow noted in Wayfair with 26,950 puts trading, or 2x expected. Most active are Mar-23 30 puts and Jan-23 30 puts, with total volume in those strikes near 20,200 contracts. The Put/Call Ratio is 3.87, while ATM IV is up over 1 point on the day. Earnings are expected on February 23rd.
Published first on TheFly
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