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Charles Schwab put volume heavy and directionally bearish

Bearish flow noted in Charles Schwab with 10,059 puts trading, or 1.8x expected. Most active are 9/13 weekly 62 puts and Dec-24 60 puts, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 5.74, while ATM IV is up over 1 point on the day. Earnings are expected on October 15th.

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