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VMware put volume heavy and directionally bearish
The Fly

VMware put volume heavy and directionally bearish

Bearish flow noted in VMware with 1,921 puts trading, or 4x expected. Most active are Nov-23 160 puts and Oct-23 145 puts, with total volume in those strikes near 560 contracts. The Put/Call Ratio is 2.65, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 30th.

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