Bearish flow noted in Axos Financial with 4,647 puts trading, or 1.1x expected. Most active are Dec-23 22.5 puts and Jan-24 35 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 145, while ATM IV is up over 1 point on the day. Earnings are expected on January 25th.
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