Bearish flow noted in Under Armour (UAA) Class A with 10,025 puts trading, or 17x expected. Most active are Jan-27 7.5 puts and Jan-25 10 calls, with total volume in those strikes near 10,100 contracts. The Put/Call Ratio is 28.48, while ATM IV is up over 2 points on the day. Earnings are expected on February 6th.
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