Bearish flow noted in Enbridge with 3,238 puts trading, or 3x expected. Most active are Jan-24 27.5 puts and Nov-23 32.5 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.71, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 9th.
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