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XP Inc put volume heavy and directionally bearish

Bearish flow noted in XP Inc with 8,621 puts trading, or 17x expected. Most active are Oct-24 17 puts and Oct-24 20 puts, with total volume in those strikes near 8,500 contracts. The Put/Call Ratio is 10.17, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 11th.

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