Bearish flow noted in Blackstone with 13,190 puts trading, or 3x expected. Most active are 7/26 weekly 139 puts and Aug-24 125 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 3.57, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 17th.
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