Bearish flow noted in Target Hospitality Corp with 3,194 puts trading, or 14x expected. Most active are Oct-23 17.5 puts and Oct-23 17.5 calls, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 3.19, while ATM IV is up nearly 7 points on the day. Earnings are expected on November 9th.
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