Bearish flow noted in Expedia (EXPE) with 4,466 puts trading, or 2x expected. Most active are Jan-26 260 puts and Nov-25 280 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.63, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 5th.
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