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Avantor put volume heavy and directionally bearish

Bearish flow noted in Avantor with 8,340 puts trading, or 2x expected. Most active are 10/11 weekly 25.5 puts and 10/4 weekly 25.5 puts, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 82.57, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 25th.

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