XP Inc put volume heavy and directionally bearish
The Fly

XP Inc put volume heavy and directionally bearish

Bearish flow noted in XP Inc with 5,138 puts trading, or 8x expected. Most active are 2/23 weekly 24.5 puts and 3/1 weekly 25 puts, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 41.44, while ATM IV is up nearly 6 points on the day. Earnings are expected on February 27th.

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