Nucor put volume heavy and directionally bearish
The Fly

Nucor put volume heavy and directionally bearish

Bearish flow noted in Nucor with 1,478 puts trading, or 2x expected. Most active are Feb-24 165 puts and 2/2 weekly 165 puts, with total volume in those strikes near 960 contracts. The Put/Call Ratio is 2.23, while ATM IV is up over 1 point on the day. Earnings are expected on January 29th.

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