Bearish flow noted in Redfin with 5,431 puts trading, or 8x expected. Most active are 9/22 weekly 7.5 puts and Oct-23 7 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 4.85, while ATM IV is up over 10 points on the day. Earnings are expected on November 8th.
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