Bearish flow noted in Alaska Air (ALK) with 2,046 puts trading, or 4x expected. Most active are Oct-25 45 puts and Oct-25 47.5 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.93, while ATM IV is up over 3 points on the day. Earnings are expected on November 6th.
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