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Affirm Holdings put volume heavy and directionally bearish

Bearish flow noted in Affirm Holdings with 20,971 puts trading, or 1.0x expected. Most active are Jan-24 10 puts and 10/13 weekly 17 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 1.77, while ATM IV is up over 5 points on the day. Earnings are expected on November 7th.

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