Bearish flow noted in Futu Holdings (FUTU) with 17,702 puts trading, or 8x expected. Most active are Jan-26 40 puts and Jan-26 185 calls, with total volume in those strikes near 20,000 contracts. The Put/Call Ratio is 1.67, while ATM IV is up over 1 point on the day. Earnings are expected on August 19th.
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