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Frontline put volume heavy and directionally bearish
The Fly

Frontline put volume heavy and directionally bearish

Bearish flow noted in Frontline with 1,164 puts trading, or 1.2x expected. Most active are Jan-24 23 puts and Jan-24 21 calls, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.92, while ATM IV is up over 1 point on the day. Earnings are expected on February 29th.

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