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Corning put volume heavy and directionally bearish

Bearish flow noted in Corning with 27,001 puts trading, or 33x expected. Most active are 9/27 weekly 40 puts and Sep-24 40 puts, with total volume in those strikes near 25,700 contracts. The Put/Call Ratio is 18.43, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 29th.

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