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Blackstone Mortgage put volume heavy and directionally bearish

Bearish flow noted in Blackstone Mortgage with 20,076 puts trading, or 7x expected. Most active are Feb-24 16 puts and Feb-24 15 puts, with total volume in those strikes near 9,100 contracts. The Put/Call Ratio is 21.33, while ATM IV is up nearly 7 points on the day. Earnings are expected on February 14th.

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