Bearish flow noted in Constellation Energy (CEG) with 12,914 puts trading, or 1.9x expected. Most active are Mar-25 320 puts and Mar-25 260 puts, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 2.60, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 3rd.
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