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Amphenol put volume heavy and directionally bearish

Bearish flow noted in Amphenol (APH) with 2,441 puts trading, or 2x expected. Most active are Sep-25 100 puts and Sep-25 105 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 1.51, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 22nd.

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