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Amgen put volume heavy and directionally bearish

Amgen put volume heavy and directionally bearish

Bearish flow noted in Amgen (AMGN) with 6,679 puts trading, or 3x expected. Most active are Nov-24 280 puts and Nov-24 355 calls, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 3.64, while ATM IV is up over 1 point on the day. Earnings are expected on October 30th.

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