Bearish flow noted in Coterra Energy with 4,382 puts trading, or 6x expected. Most active are 2/9 weekly 22.5 puts and 2/9 weekly 25 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 2.38, while ATM IV is up over 1 point on the day. Earnings are expected on February 22nd.
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