Bearish flow noted in Blackstone with 3,988 puts trading, or 1.6x expected. Most active are 9/6 weekly 120 puts and 9/6 weekly 136 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 3.90, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 17th.
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