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Sable Offshore Corp put volume heavy and directionally bearish

Bearish flow noted in Sable Offshore (SOC) Corp with 14,715 puts trading, or 1.9x expected. Most active are Jan-26 5 puts and Jan-26 4 puts, with total volume in those strikes near 11,900 contracts. The Put/Call Ratio is 4.29, while ATM IV is up nearly 9 points on the day. Earnings are expected on November 13th.

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