Bearish flow noted in Fermi (FRMI) Inc. Common Stock with 5,942 puts trading, or 4x expected. Most active are 2/6 weekly 7.5 puts and 1/30 weekly 8 puts, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 3.06, while ATM IV is up over 11 points on the day. Earnings are expected on March 24th.
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