Monster Beverage put volume heavy and directionally bearish

Bearish flow noted in Monster Beverage with 1,544 puts trading, or 1.5x expected. Most active are Oct-24 48 puts and Oct-24 50 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 10.03, while ATM IV is up nearly 4 points on the day. Earnings are expected on October 31st.

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