Bearish flow noted in Coherent (COHR) with 1,218 puts trading, or 1.1x expected. Most active are 11/29 weekly 92 puts and 11/29 weekly 95 puts, with total volume in those strikes near 600 contracts. The Put/Call Ratio is 2.45, while ATM IV is up over 1 point on the day. Earnings are expected on February 5th.
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