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Live Nation put volume heavy and directionally bearish

Bearish flow noted in Live Nation with 2,574 puts trading, or 3x expected. Most active are Jan-26 80 puts and Jan-25 115 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.19, while ATM IV is up over 1 point on the day. Earnings are expected on October 31st.

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