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Pagaya Technologies put volume heavy and directionally bearish

Bearish flow noted in Pagaya (PGY) Technologies with 1,031 puts trading, or 1.3x expected. Most active are Nov-25 25 puts and May-26 22 puts, with total volume in those strikes near 790 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 19 points on the day. Earnings are expected on November 10th.

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