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Barrick Gold put volume heavy and directionally bearish

Bearish flow noted in Barrick Gold (GOLD) with 13,643 puts trading, or 5x expected. Most active are Mar-25 15 puts and Sep-25 25 calls, with total volume in those strikes near 11,800 contracts. The Put/Call Ratio is 1.97, while ATM IV is up over 6 points on the day. Earnings are expected on February 19th.

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