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Teck Resources put volume heavy and directionally bearish

Bearish flow noted in Teck Resources (TECK) with 2,983 puts trading, or 1.6x expected. Most active are Nov-25 39 puts and Nov-25 40 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 18.19, while ATM IV is up over 1 point on the day. Earnings are expected on October 22nd.

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