Bearish flow noted in American Express (AXP) with 3,967 puts trading, or 1.6x expected. Most active are 10/3 weekly 330 puts and 10/10 weekly 325 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.53, while ATM IV is up over 1 point on the day. Earnings are expected on October 17th.
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