Cummins put volume heavy and directionally bearish (TheFlyOnTheWall)
FLY ON THE WALL 11:56 AM ET 1/12/2017
Bearish flow noted in Cummins with 5,214 puts trading, or 7x expected. Most active are 1/13 weekly 135 puts and 1/13 weekly 137 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 3.46, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 9th.