Bearish flow noted in Airbnb with 3,609 puts trading, or 1.2x expected. Most active are 1/12 weekly 120 puts and Apr-24 105 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.58, while ATM IV is up over 1 point on the day. Earnings are expected on February 20th.
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