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CAVA Group Inc put volume heavy and directionally bearish

Bearish flow noted in CAVA Group Inc with 9,044 puts trading, or 3x expected. Most active are Jan-24 25 puts and Oct-23 35 puts, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 6.65, while ATM IV is up over 1 point on the day. Earnings are expected on November 13th.

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