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Dish Network put volume heavy and directionally bearish

Bearish flow noted in Dish Network with 5,223 puts trading, or 1.7x expected. Most active are Jan-24 4 puts and Nov-23 5 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 2.95, while ATM IV is up over 1 point on the day. Earnings are expected on November 2nd.

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