Bearish flow noted in Equitrans Midstream with 1,001 puts trading, or 4x expected. Most active are Oct-23 9 puts and Oct-23 11 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 5.41, while ATM IV is up over 2 points on the day. Earnings are expected on October 31st.
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