Bearish flow noted in Fermi (FRMI) Inc. Common Stock with 6,769 puts trading, or 3x expected. Most active are Feb-26 7.5 puts and Feb-26 12.5 calls, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 2.99, while ATM IV is up nearly 4 points on the day. Earnings are expected on March 24th.
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