Capital One put volume heavy and directionally bearish

Bearish flow noted in Capital One with 2,957 puts trading, or 1.0x expected. Most active are 10/4 weekly 145 puts and 10/11 weekly 142 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 7.99, while ATM IV is up over 1 point on the day. Earnings are expected on October 24th.

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