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Manchester United put volume heavy and directionally bearish

Bearish flow noted in Manchester United with 6,278 puts trading, or 7x expected. Most active are Feb-24 20 puts and Mar-24 19 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 8.04, while ATM IV is up over 41 points on the day. Earnings are expected on January 17th.

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