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Sable Offshore Corp put volume heavy and directionally bearish

Bearish flow noted in Sable Offshore (SOC) Corp with 16,526 puts trading, or 1.6x expected. Most active are Oct-25 15 puts and Nov-25 20 calls, with total volume in those strikes near 12,000 contracts. The Put/Call Ratio is 2.43, while ATM IV is up nearly 42 points on the day. Earnings are expected on November 13th.

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