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Herbalife put volume heavy and directionally bearish

Bearish flow noted in Herbalife with 6,345 puts trading, or 18x expected. Most active are Nov-23 10 puts and 11/3 weekly 10 puts, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 906, while ATM IV is up over 2 points on the day. Earnings are expected on November 1st.

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