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Vodafone put volume heavy and directionally bearish

Bearish flow noted in Vodafone (VOD) with 1,435 puts trading, or 2x expected. Most active are Jan-26 11 puts and Jan-26 12 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 31.20, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 11th.

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