Bearish flow noted in EchoStar with 5,111 puts trading, or 1.0x expected. Most active are Apr-24 12.5 puts and Feb-24 12.5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 13.14, while ATM IV is up over 1 point on the day. Earnings are expected on February 22nd.
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