Bearish flow noted in Wayfair (W) with 2,091 puts trading, or 3x expected. Most active are 1/23 weekly 112 puts and 1/23 weekly 108 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 5.97, while ATM IV is up over 1 point on the day. Earnings are expected on February 19th.
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