Bearish flow noted in Toll Brothers with 3,788 puts trading, or 5x expected. Most active are Nov-23 74 puts and 12/22 weekly 82 calls, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 2.33, while ATM IV is up over 1 point on the day. Earnings are expected on December 5th.
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