Bearish flow noted in Rio Tinto (RIO) with 7,052 puts trading, or 4x expected. Most active are Jan-25 60 puts and Jan-25 57.5 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 1.89, while ATM IV is up over 4 points on the day. Earnings are expected on February 19th.
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