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Hewlett Packard Enterprise put volume heavy and directionally bearish

Bearish flow noted in Hewlett Packard Enterprise with 15,861 puts trading, or 4x expected. Most active are 9/13 weekly 16 puts and 9/13 weekly 16.5 puts, with total volume in those strikes near 9,400 contracts. The Put/Call Ratio is 1.81, while ATM IV is up over 2 points on the day. Earnings are expected on December 3rd.

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