Weight Watchers put volume heavy and directionally bearish
The Fly

Weight Watchers put volume heavy and directionally bearish

Bearish flow noted in Weight Watchers with 1,943 puts trading, or 3x expected. Most active are Jan-24 7.5 puts and 12/29 weekly 9.5 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 8.56, while ATM IV is up over 1 point on the day. Earnings are expected on March 7th.

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