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Flex put volume heavy and directionally bearish
The Fly

Flex put volume heavy and directionally bearish

Bearish flow noted in Flex with 1,366 puts trading, or 1.8x expected. Most active are Nov-23 23 puts and Nov-23 24 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 3.15, while ATM IV is up over 1 point on the day. Earnings are expected on October 25th.

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