Herbalife put volume heavy and directionally bearish
The Fly

Herbalife put volume heavy and directionally bearish

Bearish flow noted in Herbalife with 6,345 puts trading, or 18x expected. Most active are Nov-23 10 puts and 11/3 weekly 10 puts, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 906, while ATM IV is up over 2 points on the day. Earnings are expected on November 1st.

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