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Activision Blizzard put volume heavy and directionally bearish

Bearish flow noted in Activision Blizzard with 21,530 puts trading, or 3x expected. Most active are Oct-23 75 puts and 9/29 weekly 80 puts, with total volume in those strikes near 15,000 contracts. The Put/Call Ratio is 8.00, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 6th.

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