Bearish flow noted in Futu Holdings (FUTU) with 2,951 puts trading, or 3x expected. Most active are Dec-25 140 puts and Dec-25 130 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 5.03, while ATM IV is up over 1 point on the day. Earnings are expected on March 12th.
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