Bearish flow noted in Charles Schwab with 16,440 puts trading, or 1.1x expected. Most active are Nov-23 50 puts and Oct-23 54 puts, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 2.29, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 17th.
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