Bearish flow noted in Applied Optoelectronics with 4,526 puts trading, or 3x expected. Most active are Sep-23 15 puts and Sep-23 20 calls, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 1.51, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 2nd.
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