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Comcast put volume heavy and directionally bearish

Bearish flow noted in Comcast (CMCSA) with 8,709 puts trading, or 2x expected. Most active are 9/26 weekly 32 puts and 8/22 weekly 34.5 calls, with total volume in those strikes near 8,600 contracts. The Put/Call Ratio is 5.72, while ATM IV is up over 3 points on the day. Earnings are expected on October 30th.

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