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Fortress Transportation put volume heavy and directionally bearish

Fortress Transportation put volume heavy and directionally bearish

Bearish flow noted in Fortress Transportation with 4,417 puts trading, or 1.6x expected. Most active are Jan-25 135 puts and Jan-25 165 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.63, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 27th.

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