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Designer Brands put volume heavy and directionally bearish
The Fly

Designer Brands put volume heavy and directionally bearish

Bearish flow noted in Designer Brands with 6,976 puts trading, or 5x expected. Most active are Nov-24 8 puts and Oct-24 6 puts, with total volume in those strikes near 6,900 contracts. The Put/Call Ratio is 155, while ATM IV is up over 10 points on the day. Earnings are expected on December 3rd.

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