Bearish flow noted in Corcept Therapeutics (CORT) with 4,870 puts trading, or 4x expected. Most active are Feb-26 37.5 puts and Feb-26 40 calls, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 4.42, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 25th.
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