Bearish flow noted in Sarepta (SRPT) with 2,510 puts trading, or 1.9x expected. Most active are Jan-27 20 puts and Jan-26 30 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 1.65, while ATM IV is up over 2 points on the day. Earnings are expected on February 25th.
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