Bearish flow noted in Dow Chemical with 7,789 puts trading, or 2x expected. Most active are 10/25 weekly 51 puts and Nov-24 50 puts, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 2.54, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 24th.
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