Bearish flow noted in Capital One (COF) with 2,066 puts trading, or 2x expected. Most active are 10/3 weekly 215 puts and 10/3 weekly 207.5 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 2.34, while ATM IV is up over 2 points on the day. Earnings are expected on October 21st.
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