Bearish flow noted in Dutch Bros (BROS) with 2,054 puts trading, or 1.1x expected. Most active are Dec-24 50 puts and Dec-24 52.5 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.87, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 19th.
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