Bearish flow noted in PG&E with 4,193 puts trading, or 2x expected. Most active are Dec-23 15 puts and 10/13 weekly 15.5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 2.68, while ATM IV is up over 4 points on the day. Earnings are expected on November 2nd.
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