Bearish flow noted in Block (XYZ) Inc with 13,812 puts trading, or 3x expected. Most active are Nov-25 65 puts and 11/7 weekly 80 calls, with total volume in those strikes near 13,300 contracts. The Put/Call Ratio is 1.54, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.
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