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Endeavor Group Holdings put volume heavy and directionally bearish

Bearish flow noted in Endeavor Group (EDR) Holdings with 5,404 puts trading, or 3x expected. Most active are Feb-25 25 puts and Jan-25 25 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 2702, while ATM IV is up nearly 5 points on the day. Earnings are expected on November 7th.

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