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Boeing put volume heavy and directionally bearish

Bearish flow noted in Boeing (BA) with 118,035 puts trading, or 3x expected. Most active are Nov-25 225 puts and Nov-25 205 puts, with total volume in those strikes near 52,100 contracts. The Put/Call Ratio is 1.90, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 28th.

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