Bearish flow noted in LyondellBasell (LYB) with 7,906 puts trading, or 2x expected. Most active are Jan-26 85 puts and Jan-26 75 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 3.46, while ATM IV is up over 2 points on the day. Earnings are expected on January 30th.
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