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Alaska Air put volume heavy and directionally bearish
The Fly

Alaska Air put volume heavy and directionally bearish

Bearish flow noted in Alaska Air with 4,474 puts trading, or 3x expected. Most active are Jul-24 32.5 puts and Jan-24 30 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 2.11, while ATM IV is up over 3 points on the day. Earnings are expected on January 25th.

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