Bearish flow noted in Wayfair (W) with 4,614 puts trading, or 1.4x expected. Most active are 2/7 weekly 44.5 puts and Jan-26 55 puts, with total volume in those strikes near 820 contracts. The Put/Call Ratio is 1.92, while ATM IV is up over 2 points on the day. Earnings are expected on February 20th.
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