Bearish flow noted in TripAdvisor (TRIP) with 1,303 puts trading, or 3x expected. Most active are 10/10 weekly 15 puts and Nov-25 15 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 11.85, while ATM IV is up nearly 5 points on the day. Earnings are expected on November 5th.
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