Bearish flow noted in Vipshop with 1,848 puts trading, or 1.4x expected. Most active are Oct-24 12 puts and Nov-24 15 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.77, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 14th.
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