Bearish flow noted in Bath & Body Works (BBWI) with 7,843 puts trading, or 5x expected. Most active are 10/31 weekly 23 puts and Nov-25 35 puts, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 9.04, while ATM IV is up over 1 point on the day. Earnings are expected on November 24th.
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