Bearish flow noted in Lam Research (LRCX) with 12,449 puts trading, or 2x expected. Most active are Mar-26 170 puts and Mar-26 180 puts, with total volume in those strikes near 10,500 contracts. The Put/Call Ratio is 3.60, while ATM IV is up nearly 6 points on the day. Earnings are expected on January 28th.
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