Bearish flow noted in Vertiv Holdings with 8,247 puts trading, or 4x expected. Most active are Sep-23 30 puts and Sep-23 32.5 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 4.85, while ATM IV is up over 1 point on the day. Earnings are expected on October 25th.
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