Bearish flow noted in Under Armour (UAA) Class A with 15,299 puts trading, or 17x expected. Most active are Jan-25 7.5 puts and 11/22 weekly 9.5 calls, with total volume in those strikes near 15,200 contracts. The Put/Call Ratio is 22.17, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 10th.
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