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Symbiotic put volume heavy and directionally bearish

Bearish flow noted in Symbiotic with 13,601 puts trading, or 3x expected. Most active are Sep-24 22 puts and Sep-24 23 puts, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 3.91, while ATM IV is up over 3 points on the day. Earnings are expected on November 25th.

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