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Signet Jewelers put volume heavy and directionally bearish

Bearish flow noted in Signet Jewelers with 1,376 puts trading, or 1.4x expected. Most active are 1/12 weekly 99 puts and 1/12 weekly 100 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 3.19, while ATM IV is up over 1 point on the day. Earnings are expected on March 14th.

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