Bearish flow noted in XP Inc with 25,434 puts trading, or 4x expected. Most active are 12/29 weekly 19 puts and 12/29 weekly 23 puts, with total volume in those strikes near 25,000 contracts. The Put/Call Ratio is 29.61, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 15th.
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