Bearish flow noted in Tower Semiconductor (TSEM) with 3,493 puts trading, or 9x expected. Most active are Dec-24 43 puts and Dec-24 47 calls, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 2.86, while ATM IV is up over 2 points on the day. Earnings are expected on February 13th.
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