Bearish flow noted in Workday with 2,038 puts trading, or 1.1x expected. Most active are 1/5 weekly 260 puts and 1/12 weekly 275 puts, with total volume in those strikes near 780 contracts. The Put/Call Ratio is 1.82, while ATM IV is up over 2 points on the day. Earnings are expected on February 26th.
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