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JetBlue put volume heavy and directionally bearish

Bearish flow noted in JetBlue with 5,857 puts trading, or 2x expected. Most active are Dec-24 5 puts and Nov-24 7 calls, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 3.56, while ATM IV is up over 1 point on the day. Earnings are expected on October 29th.

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