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Amgen put volume heavy and directionally bearish

Bearish flow noted in Amgen (AMGN) with 6,679 puts trading, or 3x expected. Most active are Nov-24 280 puts and Nov-24 355 calls, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 3.64, while ATM IV is up over 1 point on the day. Earnings are expected on October 30th.

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