Dicks put volume heavy and directionally bearish

Bearish flow noted in Dicks with 1,616 puts trading, or 1.6x expected. Most active are 1/10 weekly 190 puts and Jan-25 215 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 5.03, while ATM IV is up over 1 point on the day. Earnings are expected on March 11th.

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