Bearish flow noted in Sweetgreen (SG) with 5,054 puts trading, or 3x expected. Most active are Dec-24 36 puts and Dec-24 39 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 2.25, while ATM IV is up over 2 points on the day. Earnings are expected on February 27th.
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