Bearish flow noted in Applied Optoelectronics (AAOI) with 11,390 puts trading, or 4x expected. Most active are 10/10 weekly 26 puts and 10/3 weekly 27 puts, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 2.98, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.
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