Bearish flow noted in JetBlue (JBLU) with 5,311 puts trading, or 2x expected. Most active are Jan-26 3.5 puts and 12/13 weekly 7 calls, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 1.66, while ATM IV is up nearly 6 points on the day. Earnings are expected on January 28th.
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