Bearish flow noted in Coty with 7,954 puts trading, or 5x expected. Most active are 9/29 weekly 11.5 puts and 10/6 weekly 11.5 puts, with total volume in those strikes near 7,300 contracts. The Put/Call Ratio is 7.55, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 8th.
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Read More on COTY:
- Coty (NYSE:COTY) Drops on Global Offering of 33 Million Shares
- Coty call volume above normal and directionally bullish
- Coty moving forward with Paris share sale, Bloomberg reports
- Unusually active option classes on open September 20th
- Coty (NYSE:COTY) Rises on Guidance Boost
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