Bearish flow noted in BHP Billiton with 4,163 puts trading, or 13x expected. Most active are Oct-24 57.5 puts and Jan-25 67.5 calls, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 15.95, while ATM IV is up over 1 point on the day. Earnings are expected on February 20th.
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