Bearish flow noted in Applied Optoelectronics with 2,879 puts trading, or 3x expected. Most active are Aug-23 12.5 puts and Aug-23 15 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.57, while ATM IV is up over 7 points on the day. Earnings are expected on November 2nd.
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