CAVA Group Inc put volume heavy and directionally bearish

Bearish flow noted in CAVA Group Inc with 2,481 puts trading, or 2x expected. Most active are Feb-24 47.5 puts and 2/9 weekly 44 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 7.68, while ATM IV is up over 1 point on the day. Earnings are expected on March 5th.

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