Bearish flow noted in General Motors (GM) with 4,250 puts trading, or 1.6x expected. Most active are 1/10 weekly 45.5 puts and 1/10 weekly 50 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 1.71, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 28th.
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