Bearish flow noted in Zillow with 4,408 puts trading, or 2.0x expected. Most active are 9/22 weekly 46.5 puts and Jun-24 45 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.40, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 1st.
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