Bearish flow noted in Paramount (PARA) Global with 2,650 puts trading, or 1.4x expected. Most active are Feb-25 10 puts and Jun-25 15 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 1.82, while ATM IV is up nearly 18 points on the day. Earnings are expected on February 26th.
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