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Best Buy put volume heavy and directionally bearish

Bearish flow noted in Best Buy (BBY) with 6,920 puts trading, or 3x expected. Most active are 11/8 weekly 95 puts and 11/8 weekly 90 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 2.06, while ATM IV is up over 2 points on the day. Earnings are expected on November 26th.

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