Bearish flow noted in PG&E with 4,825 puts trading, or 2.0x expected. Most active are 10/6 weekly 15 puts and Oct-23 14.5 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 2.06, while ATM IV is up over 3 points on the day. Earnings are expected on November 2nd.
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