Bearish flow noted in Simon Property with 3,001 puts trading, or 1.7x expected. Most active are Nov-22 105 puts and Dec-22 90 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 3.53, while ATM IV is up over 1 point on the day. Earnings are expected on February 6th.
Published first on TheFly
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