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Charles Schwab put volume heavy and directionally bearish

Bearish flow noted in Charles Schwab with 3,737 puts trading, or 1.1x expected. Most active are Oct-24 62.5 puts and Jan-25 67.5 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 4.96, while ATM IV is up over 1 point on the day. Earnings are expected on October 15th.

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