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Medical Properties Trust put volume heavy and directionally bearish

Bearish flow noted in Medical Properties Trust with 19,823 puts trading, or 1.2x expected. Most active are Jan-27 7 puts and Jan-25 5.5 puts, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 3.28, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 24th.

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