Bearish flow noted in Grupo Financiero with 4,195 puts trading, or 1.6x expected. Most active are Dec-25 27 puts and Oct-25 27 calls, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 7.33, while ATM IV is up nearly 6 points on the day. Earnings are expected on November 25th.
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