Bearish flow noted in Zscaler with 2,986 puts trading, or 1.8x expected. Most active are Jan-24 222.5 puts and Jan-24 225 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 1 point on the day. Earnings are expected on February 29th.
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