Bearish flow noted in Endeavor Group (EDR) Holdings with 19,167 puts trading, or 1.3x expected. Most active are Mar-25 27 puts and May-25 35 calls, with total volume in those strikes near 19,400 contracts. The Put/Call Ratio is 6.35, while ATM IV is up over 9 points on the day. Earnings are expected on February 27th.
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