Bearish flow noted in Tal Education Group with 4,270 puts trading, or 14x expected. Most active are Jan-24 9 puts and 1/5 weekly 13 calls, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 2.09, while ATM IV is up over 4 points on the day. Earnings are expected on January 23rd.
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