Bearish flow noted in Simon Property with 8,151 puts trading, or 7x expected. Most active are Apr-23 110 puts and Feb-23 135 calls, with total volume in those strikes near 7,900 contracts. The Put/Call Ratio is 2.26, while ATM IV is up over 2 points on the day. Earnings are expected on February 6th.
Published first on TheFly
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