Bearish flow noted in Lam Research (LRCX) with 25,457 puts trading, or 3x expected. Most active are 10/10 weekly 147 puts and Jan-26 145 puts, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 1.56, while ATM IV is up over 2 points on the day. Earnings are expected on October 22nd.
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