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Beyond Meat put volume heavy and directionally bearish

Bearish flow noted in Beyond Meat with 12,590 puts trading, or 1.9x expected. Most active are Jan-24 7.5 puts and Jan-24 7.5 calls, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 1.90, while ATM IV is up nearly 4 points on the day. Earnings are expected on November 8th.

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