Bearish flow noted in Western Digital with 2,895 puts trading, or 2.0x expected. Most active are Jan-23 36 puts and Jan-23 37 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 2.06, while ATM IV is up over 1 point on the day. Earnings are expected on January 26th.
Published first on TheFly
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