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Virgin Galactic put volume heavy and directionally bearish
The Fly

Virgin Galactic put volume heavy and directionally bearish

Bearish flow noted in Virgin Galactic with 2,347 puts trading, or 2x expected. Most active are 8/30 weekly 7 puts and Oct-24 5 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 2.26, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.

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