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PG&E put volume heavy and directionally bearish
The Fly

PG&E put volume heavy and directionally bearish

Bearish flow noted in PG&E with 9,171 puts trading, or 2x expected. Most active are Sep-23 16 puts and Mar-24 13 puts, with total volume in those strikes near 6,900 contracts. The Put/Call Ratio is 5.23, while ATM IV is up over 1 point on the day. Earnings are expected on November 2nd.

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