Bearish flow noted in Medical Properties Trust (MPW) with 3,167 puts trading, or 1.4x expected. Most active are Dec-25 3 puts and Jan-26 4.5 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.67, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 6th.
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