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V F Corp put volume heavy and directionally bearish

Bearish flow noted in V F Corp with 3,939 puts trading, or 3x expected. Most active are Jan-27 10 puts and Sep-26 10 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 2.58, while ATM IV is up nearly 4 points on the day. Earnings are expected on January 28th.

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