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Flex put volume heavy and directionally bearish

Flex put volume heavy and directionally bearish

Bearish flow noted in Flex with 1,366 puts trading, or 1.8x expected. Most active are Nov-23 23 puts and Nov-23 24 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 3.15, while ATM IV is up over 1 point on the day. Earnings are expected on October 25th.

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