Bearish flow noted in TECO Energy, Inc. with 20,076 puts trading, or 21x expected. Most active are Jan-26 7 puts and Jan-26 6.5 puts, with total volume in those strikes near 19,200 contracts. The Put/Call Ratio is 7.94, while ATM IV is up nearly 7 points on the day. Earnings are expected on March 24th.
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