Bearish flow noted in Energy Transfer with 12,944 puts trading, or 4x expected. Most active are 10/6 weekly 13.5 puts and Jan-24 12 puts, with total volume in those strikes near 6,900 contracts. The Put/Call Ratio is 1.68, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 31st.
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