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Celestica put volume heavy and directionally bearish

Bearish flow noted in Celestica with 1,694 puts trading, or 1.2x expected. Most active are 10/25 weekly 58 puts and Nov-24 47.5 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.76, while ATM IV is up over 2 points on the day. Earnings are expected on October 23rd.

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