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Ford put volume heavy and directionally bearish

Bearish flow noted in Ford with 41,620 puts trading, or 6x expected. Most active are Oct-24 10 puts and 10/4 weekly 11 calls, with total volume in those strikes near 31,900 contracts. The Put/Call Ratio is 2.13, while ATM IV is up over 5 points on the day. Earnings are expected on October 28th.

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