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Anywhere Real Estate put volume heavy and directionally bearish

Bearish flow noted in Anywhere Real Estate (HOUS) with 1,176 puts trading, or 6x expected. Most active are Dec-25 9 puts and Oct-25 9 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 36.75, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.

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