Bearish flow noted in LyondellBasell (LYB) with 4,418 puts trading, or 1.2x expected. Most active are Feb-26 42.5 puts and Jan-27 47.5 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 19.13, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 30th.
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