Bearish flow noted in Citi (C) with 12,282 puts trading, or 1.5x expected. Most active are 8/29 weekly 96 puts and 9/5 weekly 94 puts, with total volume in those strikes near 10,000 contracts. The Put/Call Ratio is 2.64, while ATM IV is up over 1 point on the day. Earnings are expected on October 14th.
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