Bearish flow noted in Comerica with 2,803 puts trading, or 1.3x expected. Most active are 8/11 weekly 48 puts and 8/11 weekly 39 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 4.25, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 20th.
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