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Airbnb put volume heavy and directionally bearish

Bearish flow noted in Airbnb (ABNB) with 3,225 puts trading, or 1.1x expected. Most active are Dec-25 130 puts and 11/7 weekly 103 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 2 points on the day. Earnings are expected on November 6th.

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