Bearish flow noted in Zillow (Z) with 5,399 puts trading, or 2.0x expected. Most active are Feb-26 65 puts and Feb-26 75 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 1.74, while ATM IV is up over 2 points on the day. Earnings are expected on February 10th.
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