Bearish flow noted in Urban Outfitters (URBN) with 3,798 puts trading, or 6x expected. Most active are Dec-24 46 puts and Jan-25 55 calls, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 23.89, while ATM IV is up over 2 points on the day. Earnings are expected on March 4th.
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