Bearish flow noted in Tapestry with 2,811 puts trading, or 2x expected. Most active are Jan-25 17.5 puts and Jan-25 20 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 3.62, while ATM IV is up over 1 point on the day. Earnings are expected on November 9th.
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