Bearish flow noted in Starbucks (SBUX) with 16,173 puts trading, or 2x expected. Most active are 2/7 weekly 100 puts and 2/7 weekly 102 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 3.94, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 29th.
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