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Wayfair put volume heavy and directionally bearish
The Fly

Wayfair put volume heavy and directionally bearish

Bearish flow noted in Wayfair with 16,059 puts trading, or 5x expected. Most active are Jan-24 40 puts and 11/24 weekly 50 calls, with total volume in those strikes near 14,600 contracts. The Put/Call Ratio is 5.61, while ATM IV is up over 1 point on the day. Earnings are expected on February 22nd.

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