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Oscar Health put volume heavy and directionally bearish

Bearish flow noted in Oscar Health (OSCR) with 6,521 puts trading, or 4x expected. Most active are Jan-25 13 puts and Jan-25 20 calls, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 2.86, while ATM IV is up over 3 points on the day. Earnings are expected on February 5th.

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