Bearish flow noted in Franklin Resources with 4,184 puts trading, or 4x expected. Most active are Sep-24 17.5 puts and Oct-24 17.5 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 3.22, while ATM IV is up nearly 7 points on the day. Earnings are expected on October 29th.
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