Bearish flow noted in Align Technology with 1,233 puts trading, or 1.5x expected. Most active are Jul-24 175 puts and 2/9 weekly 225 puts, with total volume in those strikes near 880 contracts. The Put/Call Ratio is 3.23, while ATM IV is up over 2 points on the day. Earnings are expected on January 31st.
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