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ACM Research put volume heavy and directionally bearish

Bearish flow noted in ACM Research (ACMR) with 1,444 puts trading, or 1.5x expected. Most active are Jan-25 16 puts and Jan-25 16 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.07, while ATM IV is up nearly 5 points on the day. Earnings are expected on February 26th.

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