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Dell Technologies put volume heavy and directionally bearish

Bearish flow noted in Dell Technologies with 2,121 puts trading, or 1.4x expected. Most active are Dec-23 65 puts and Oct-23 65 puts, with total volume in those strikes near 950 contracts. The Put/Call Ratio is 2.03, while ATM IV is up over 1 point on the day. Earnings are expected on November 30th.

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