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CAVA Group Inc put volume heavy and directionally bearish

Bearish flow noted in CAVA Group Inc with 2,472 puts trading, or 3x expected. Most active are Dec-24 17.5 puts and Jan-24 22.5 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 19.31, while ATM IV is up over 1 point on the day. Earnings are expected on November 7th.

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