Bearish flow noted in Applied Materials with 6,128 puts trading, or 2x expected. Most active are 9/27 weekly 190 puts and 9/27 weekly 195 puts, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 1.97, while ATM IV is up over 1 point on the day. Earnings are expected on November 14th.
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