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Expedia put volume heavy and directionally bearish

Bearish flow noted in Expedia (EXPE) with 2,002 puts trading, or 1.3x expected. Most active are 11/14 weekly 255 puts and 11/14 weekly 260 puts, with total volume in those strikes near 840 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 1 point on the day. Earnings are expected on February 5th.

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