Dicks put volume heavy and directionally bearish

Bearish flow noted in Dicks with 3,247 puts trading, or 1.4x expected. Most active are 1/5 weekly 145 puts and 1/12 weekly 140 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.36, while ATM IV is up over 1 point on the day. Earnings are expected on March 11th.

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