Bearish flow noted in D R Horton with 6,365 puts trading, or 3x expected. Most active are 12/5 weekly 135 puts and Nov-25 150 calls, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 4.12, while ATM IV is up over 1 point on the day. Earnings are expected on January 20th.
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