Bearish flow noted in UWM Holdings (UWMC) Corp with 1,027 puts trading, or 1.8x expected. Most active are 2/13 weekly 5.5 puts and Apr-26 5 puts, with total volume in those strikes near 430 contracts. The Put/Call Ratio is 1.70, while ATM IV is up over 9 points on the day. Earnings are expected on February 26th.
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