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Wayfair put volume heavy and directionally bearish

Wayfair put volume heavy and directionally bearish

Bearish flow noted in Wayfair (W) with 3,916 puts trading, or 2.0x expected. Most active are Aug-25 30 puts and 2/14 weekly 46 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.60, while ATM IV is up over 2 points on the day. Earnings are expected on February 20th.

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