Constellation Energy put volume heavy and directionally bearish

Bearish flow noted in Constellation Energy (CEG) with 5,682 puts trading, or 1.1x expected. Most active are 11/8 weekly 260 puts and 11/1 weekly 215 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 1.79, while ATM IV is up over 2 points on the day. Earnings are expected on November 4th.

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