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Comerica put volume heavy and directionally bearish

Comerica put volume heavy and directionally bearish

Bearish flow noted in Comerica with 2,025 puts trading, or 1.1x expected. Most active are 9/29 weekly 42 puts and Jan-26 35 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.83, while ATM IV is up nearly 4 points on the day. Earnings are expected on October 20th.

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