Bearish flow noted in Virgin Galactic with 2,177 puts trading, or 3x expected. Most active are Sep-24 6.5 puts and Sep-24 5.5 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 7.38, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.
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