Bearish flow noted in PG&E with 6,873 puts trading, or 1.1x expected. Most active are Sep-23 16 puts and 8/25 weekly 17 calls, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 2.66, while ATM IV is up over 2 points on the day. Earnings are expected on November 2nd.
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