Bearish flow noted in Rio Tinto with 2,578 puts trading, or 3x expected. Most active are Oct-24 57.5 puts and Oct-24 70 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 3.03, while ATM IV is up over 1 point on the day. Earnings are expected on February 19th.
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