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Live Nation put volume heavy and directionally bearish

Bearish flow noted in Live Nation (LYV) with 6,561 puts trading, or 3x expected. Most active are Nov-24 115 puts and Nov-24 135 calls, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 2.57, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 11th.

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