Bearish flow noted in E.l.f. Beauty with 5,756 puts trading, or 1.8x expected. Most active are Nov-23 100 puts and Nov-23 95 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 1.51, while ATM IV is up nearly 5 points on the day. Earnings are expected on January 31st.
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