Bearish flow noted in Dow Chemical with 5,045 puts trading, or 1.5x expected. Most active are 10/11 weekly 55 calls and Jan-26 40 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.66, while ATM IV is up over 1 point on the day. Earnings are expected on October 24th.
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