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Vertiv Holdings put volume heavy and directionally bearish

Bearish flow noted in Vertiv (VRT) Holdings with 9,264 puts trading, or 1.5x expected. Most active are Oct-25 110 puts and Sep-26 120 puts, with total volume in those strikes near 8,200 contracts. The Put/Call Ratio is 3.37, while ATM IV is up over 1 point on the day. Earnings are expected on October 29th.

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