Bearish flow noted in Starbucks with 22,597 puts trading, or 1.2x expected. Most active are Nov-23 103 puts and Jan-24 95 puts, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 1.93, while ATM IV is up over 1 point on the day. Earnings are expected on February 1st.
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