Bearish flow noted in United Airlines (UAL) with 6,850 puts trading, or 1.5x expected. Most active are Nov-25 100 puts and 10/3 weekly 99 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 1.91, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 14th.
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