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Lithium Americas put volume heavy and directionally bearish

Bearish flow noted in Lithium Americas with 2,294 puts trading, or 2x expected. Most active are Jan-24 7.5 puts and Nov-23 10 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.63, while ATM IV is up nearly 4 points on the day.

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