Bearish flow noted in Applied Materials with 10,966 puts trading, or 1.3x expected. Most active are 10/6 weekly 142 puts and 10/6 weekly 134 puts, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 1.90, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 16th.
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