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Arbor Realty put volume heavy and directionally bearish

Bearish flow noted in Arbor Realty with 7,468 puts trading, or 1.9x expected. Most active are Jan-24 7.5 puts and Jan-24 10 puts, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 16.90, while ATM IV is up over 3 points on the day. Earnings are expected on October 27th.

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