Bearish flow noted in E.l.f. Beauty with 2,335 puts trading, or 2x expected. Most active are 10/10 weekly 140 puts and Oct-25 137 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.55, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 6th.
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