Bearish flow noted in Archer Daniels with 6,804 puts trading, or 8x expected. Most active are 12/2 weekly 94 puts and 12/9 weekly 87 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 1.95, while ATM IV is up nearly 5 points on the day. Earnings are expected on January 24th.
Published first on TheFly
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