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General Motors put volume heavy and directionally bearish

Bearish flow noted in General Motors with 5,095 puts trading, or 1.2x expected. Most active are 10/4 weekly 45 puts and 10/11 weekly 44 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.66, while ATM IV is up over 1 point on the day. Earnings are expected on October 22nd.

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