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AES Corp. put volume heavy and directionally bearish

Bearish flow noted in AES Corp. with 3,148 puts trading, or 1.1x expected. Most active are Feb-24 14 puts and Sep-24 17 calls, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 3.97, while ATM IV is up over 1 point on the day. Earnings are expected on November 2nd.

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