Bearish flow noted in Flagstar Financial (FLG) Inc with 1,539 puts trading, or 1.7x expected. Most active are Jan-26 13 puts and Dec-25 12 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 4.40, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 29th.
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