Bearish flow noted in Toll Brothers with 2,272 puts trading, or 1.7x expected. Most active are 9/1 weekly 73 puts and 9/1 weekly 74 puts, with total volume in those strikes near 720 contracts. The Put/Call Ratio is 2.52, while ATM IV is up nearly 2 points on the day. Earnings are expected on December 5th.
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