🔴 M is trading 4% down today amid surging bearish options bets

M is trading at $21.48 (-4.13%) amid a significant spike in bearish options activity.

• The Put/Call ratio surged to 8.80, with put volume reaching ~10x the daily average, focused heavily on $22 strikes expiring in late February.
• Shares are extending volatility following Friday's close at $22.41, as the company faces continued pressure from store closures and declining EPS.
• The downward move occurs in a slightly lower broader market (S&P 500 -0.08%), though no new corporate announcements were released today. [Hero News ID: 6998b5644c0d85d35c7cf0c1]