Bearish flow noted in Tapestry with 3,693 puts trading, or 3x expected. Most active are 10/25 weekly 44 puts and May-25 60 calls, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 1.78, while ATM IV is up nearly 4 points on the day. Earnings are expected on November 7th.
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