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Blue Owl Capital put volume heavy and directionally bearish

Bearish flow noted in Blue Owl Capital (OWL) with 7,560 puts trading, or 3x expected. Most active are Jan-26 13 puts and Jan-26 14 puts, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 24.47, while ATM IV is up nearly 8 points on the day. Earnings are expected on October 30th.

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