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Sable Offshore Corp put volume heavy and directionally bearish

Bearish flow noted in Sable Offshore (SOC) Corp with 16,106 puts trading, or 2x expected. Most active are Nov-25 12.5 puts and Nov-25 14 puts, with total volume in those strikes near 13,700 contracts. The Put/Call Ratio is 5.02, while ATM IV is up over 30 points on the day. Earnings are expected on November 13th.

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