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Crocs put volume heavy and directionally bearish

Bearish flow noted in Crocs with 2,422 puts trading, or 1.8x expected. Most active are Oct-24 135 puts and Dec-24 190 calls, with total volume in those strikes near 960 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 1 point on the day. Earnings are expected on November 7th.

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