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Sable Offshore Corp put volume heavy and directionally bearish

Bearish flow noted in Sable Offshore (SOC) Corp with 23,000 puts trading, or 1.7x expected. Most active are 12/26 weekly 3 puts and Jan-26 4 puts, with total volume in those strikes near 20,500 contracts. The Put/Call Ratio is 4.09, while ATM IV is up over 7 points on the day. Earnings are expected on November 13th.

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