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Symbiotic put volume heavy and directionally bearish

Bearish flow noted in Symbiotic with 5,517 puts trading, or 3x expected. Most active are Sep-24 17.5 puts and Sep-24 20 puts, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 6.86, while ATM IV is up over 1 point on the day. Earnings are expected on November 25th.

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