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Suncor put volume heavy and directionally bearish

Bearish flow noted in Suncor with 3,328 puts trading, or 3x expected. Most active are Dec-24 36 puts and Dec-24 40 calls, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 2.16, while ATM IV is up over 1 point on the day. Earnings are expected on November 7th.

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