Bearish flow noted in Capital One (COF) with 5,009 puts trading, or 1.7x expected. Most active are Dec-24 135 puts and 11/22 weekly 135 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 1.54, while ATM IV is up over 2 points on the day. Earnings are expected on January 23rd.
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