LendingClub put volume heavy and directionally bearish
Bearish flow noted in LendingClub with 5,702 puts trading, or 5x expected. Most active are Jan-17 5 puts and Jan-17 5.5 puts, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 6.07, while ATM IV is up over 2 points on the day. Earnings are expected on November 3rd.