Bearish flow noted in Mosaic with 8,997 puts trading, or 4x expected. Most active are Aug-23 40 puts and 9/8 weekly 35 puts, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 3.42, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 6th.
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