Bearish flow noted in STMicroelectronics (STM) with 3,466 puts trading, or 2x expected. Most active are Jan-25 26 puts and Apr-25 22 calls, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 6.22, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 30th.
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