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IONQ put volume heavy and directionally bearish

Bearish flow noted in IONQ with 9,740 puts trading, or 8x expected. Most active are 11/10 weekly 10.5 puts and 11/10 weekly 11.5 calls, with total volume in those strikes near 9,100 contracts. The Put/Call Ratio is 5.28, while ATM IV is up nearly 14 points on the day. Earnings are expected on November 8th.

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