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General Motors put volume heavy and directionally bearish

General Motors put volume heavy and directionally bearish

Bearish flow noted in General Motors with 21,140 puts trading, or 1.3x expected. Most active are 9/6 weekly 48 puts and Nov-24 45 puts, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 1.75, while ATM IV is up over 1 point on the day. Earnings are expected on October 22nd.

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