Bearish flow noted in Calumet Specialty Products (CLMT) with 2,646 puts trading, or 2x expected. Most active are Dec-24 20 puts and Jan-25 19 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 3.97, while ATM IV is up over 1 point on the day. Earnings are expected on February 21st.
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