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Kinross Gold put volume heavy and directionally bearish

Bearish flow noted in Kinross Gold with 6,421 puts trading, or 6x expected. Most active are Dec-23 5 puts and 11/24 weekly 5 puts, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 3.09, while ATM IV is up over 2 points on the day. Earnings are expected on February 14th.

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