Bearish flow noted in Uber (UBER) with 22,281 puts trading, or 1.2x expected. Most active are Feb-26 70 puts and May-26 72.5 puts, with total volume in those strikes near 7,900 contracts. The Put/Call Ratio is 1.51, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 4th.
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