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Beyond Meat put volume heavy and directionally bearish

Bearish flow noted in Beyond Meat with 8,541 puts trading, or 1.4x expected. Most active are Apr-24 4 puts and Jun-24 3 puts, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 4 points on the day. Earnings are expected on November 8th.

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