Bearish flow noted in Pinterest with 12,277 puts trading, or 1.1x expected. Most active are 10/13 weekly 25.5 puts and 9/29 weekly 26 puts, with total volume in those strikes near 10,900 contracts. The Put/Call Ratio is 3.19, while ATM IV is up nearly 5 points on the day. Earnings are expected on October 26th.
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