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Vertiv Holdings put volume heavy and directionally bearish

Bearish flow noted in Vertiv Holdings with 10,212 puts trading, or 3x expected. Most active are Nov-24 50 puts and Oct-24 77.5 calls, with total volume in those strikes near 8,400 contracts. The Put/Call Ratio is 1.58, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 23rd.

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