Bearish flow noted in Weight Watchers with 1,943 puts trading, or 3x expected. Most active are Jan-24 7.5 puts and 12/29 weekly 9.5 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 8.56, while ATM IV is up over 1 point on the day. Earnings are expected on March 7th.
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