Bearish flow noted in Nu Holdings with 11,327 puts trading, or 5x expected. Most active are Oct-23 5.5 puts and 9/1 weekly 7 calls, with total volume in those strikes near 10,600 contracts. The Put/Call Ratio is 6.68, while ATM IV is up over 3 points on the day. Earnings are expected on November 14th.
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