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Vertiv Holdings put volume heavy and directionally bearish

Bearish flow noted in Vertiv Holdings (VRT) with 4,476 puts trading, or 2x expected. Most active are Jan-25 131 puts and Jan-25 120 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 2.05, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 19th.

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