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Celsius Holdings put volume heavy and directionally bearish

Bearish flow noted in Celsius Holdings with 8,339 puts trading, or 5x expected. Most active are 9/22 weekly 165 puts and 9/22 weekly 162.5 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 1.59, while ATM IV is up over 4 points on the day. Earnings are expected on November 8th.

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