Bearish flow noted in Focus Morningstar Large Cap Index ETF with 4,253 puts trading, or 2x expected. Most active are 11/29 weekly 11 puts and Jan-25 11 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 1.64, while ATM IV is up over 7 points on the day. Earnings are expected on January 30th.
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