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Fiserv Inc put volume heavy and directionally bearish

Bearish flow noted in Fiserv (FI) Inc with 6,962 puts trading, or 1.6x expected. Most active are Oct-25 125 puts and Sep-25 130 puts, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 4.03, while ATM IV is up over 1 point on the day. Earnings are expected on October 21st.

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