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Beyond Meat put volume heavy and directionally bearish

Bearish flow noted in Beyond Meat with 4,817 puts trading, or 1.4x expected. Most active are Oct-23 10 puts and Oct-23 7.5 calls, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 3.99, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 8th.

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