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TripAdvisor put volume heavy and directionally bearish
The Fly

TripAdvisor put volume heavy and directionally bearish

Bearish flow noted in TripAdvisor (TRIP) with 12,636 puts trading, or 9x expected. Most active are Jan-26 8 puts and 2/7 weekly 16 calls, with total volume in those strikes near 12,700 contracts. The Put/Call Ratio is 21.71, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 12th.

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