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Nordstrom put volume heavy and directionally bearish

Bearish flow noted in Nordstrom with 3,341 puts trading, or 3x expected. Most active are Feb-24 19 puts and Feb-24 20 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 3.77, while ATM IV is up nearly 6 points on the day. Earnings are expected on February 29th.

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