HSBC put volume heavy and directionally bearish
The Fly

HSBC put volume heavy and directionally bearish

Bearish flow noted in HSBC with 6,971 puts trading, or 3x expected. Most active are Dec-23 37 puts and Nov-23 38 puts, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 51.26, while ATM IV is up over 1 point on the day. Earnings are expected on October 30th.

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