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V F Corp put volume heavy and directionally bearish

Bearish flow noted in V F Corp with 5,904 puts trading, or 1.5x expected. Most active are Jan-26 15 puts and Sep-25 13 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 3.81, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 27th.

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