Bearish flow noted in Splunk with 3,310 puts trading, or 1.0x expected. Most active are Oct-23 145 puts and 9/29 weekly 145 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.27, while ATM IV is up over 1 point on the day. Earnings are expected on November 29th.
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