Bearish flow noted in Workday with 2,594 puts trading, or 1.9x expected. Most active are Jan-24 150 puts and Jan-23 162.5 puts, with total volume in those strikes near 570 contracts. The Put/Call Ratio is 1.63, while ATM IV is up over 2 points on the day. Earnings are expected on March 2nd.
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Published first on TheFly
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