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Vertiv Holdings put volume heavy and directionally bearish

Bearish flow noted in Vertiv Holdings with 6,557 puts trading, or 2x expected. Most active are 8/30 weekly 75 puts and 8/30 weekly 74 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 2.01, while ATM IV is up over 2 points on the day. Earnings are expected on October 23rd.

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