Bearish flow noted in EchoStar with 17,665 puts trading, or 24x expected. Most active are Dec-25 5 (nonstd SATS1) puts and Dec-25 5 (nonstd SATS1) calls, with total volume in those strikes near 17,600 contracts. The Put/Call Ratio is 17.22, while ATM IV is up over 1 point on the day. Earnings are expected on November 11th.
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