Bearish flow noted in Franklin Resources with 2,497 puts trading, or 1.9x expected. Most active are Oct-24 20 puts and Oct-24 22.5 calls, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 2.20, while ATM IV is up over 3 points on the day. Earnings are expected on October 29th.
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