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Coherent put volume heavy and directionally bearish
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Coherent put volume heavy and directionally bearish

Bearish flow noted in Coherent with 1,850 puts trading, or 1.4x expected. Most active are Jan-24 30 puts and Oct-23 34 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.60, while ATM IV is up over 3 points on the day. Earnings are expected on November 8th.

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