Bearish flow noted in Target Hospitality Corp with 1,270 puts trading, or 3x expected. Most active are Oct-23 12.5 puts and Nov-23 11 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 4.06, while ATM IV is up over 1 point on the day. Earnings are expected on November 9th.
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