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Equinox Gold put volume heavy and directionally bearish

Bearish flow noted in Equinox Gold (EQX) with 3,189 puts trading, or 10x expected. Most active are Jan-26 15 puts and Apr-26 15 calls, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 3.01, while ATM IV is up over 2 points on the day. Earnings are expected on February 18th.

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