Bearish flow noted in Discover (DFS) with 2,265 puts trading, or 1.1x expected. Most active are Nov-24 167.5 puts and Nov-24 145 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.97, while ATM IV is up over 2 points on the day. Earnings are expected on January 15th.
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