Bearish flow noted in Lyft with 5,333 puts trading, or 1.5x expected. Most active are 9/27 weekly 9.5 puts and Oct-24 9 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 1.86, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 7th.
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