Bearish flow noted in Dutch Bros (BROS) with 1,199 puts trading, or 1.1x expected. Most active are Dec-24 55 puts and Apr-25 49 puts, with total volume in those strikes near 930 contracts. The Put/Call Ratio is 4.82, while ATM IV is up over 1 point on the day. Earnings are expected on February 19th.
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