Bearish flow noted in Weibo with 4,377 puts trading, or 12x expected. Most active are Jan-26 6.7 puts and 9/27 weekly 8 calls, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 4.74, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 7th.
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