Bearish flow noted in Seagate (STX) with 1,202 puts trading, or 1.0x expected. Most active are Jan-25 77.5 puts and Jan-25 95 puts, with total volume in those strikes near 670 contracts. The Put/Call Ratio is 1.76, while ATM IV is up over 1 point on the day. Earnings are expected on January 23rd.
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