Bearish flow noted in Coherent with 6,169 puts trading, or 3x expected. Most active are 9/22 weekly 32 puts and Sep-23 30 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 6.13, while ATM IV is up over 2 points on the day. Earnings are expected on November 8th.
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