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International Paper put volume heavy and directionally bearish

Bearish flow noted in International Paper with 1,114 puts trading, or 1.7x expected. Most active are Oct-24 46.5 puts and Jan-25 45 puts, with total volume in those strikes near 650 contracts. The Put/Call Ratio is 5.74, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 31st.

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