Bearish flow noted in United Microelectronics with 6,384 puts trading, or 4x expected. Most active are Feb-24 7 puts and Jan-24 7.5 puts, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 48.36, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 31st.
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