Bearish flow noted in HP Inc. (HPQ) with 4,242 puts trading, or 3x expected. Most active are 3/7 weekly 29 puts and 2/7 weekly 32 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 4.23, while ATM IV is up over 3 points on the day. Earnings are expected on February 27th.
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