Acadia put volume heavy and directionally bearish
Bearish flow noted in Acadia with 2,546 puts trading, or 3x expected. Most active are Jan-17 26 puts and 10/14 weekly 26.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.05, while ATM IV is up nearly 9 points on the day. Earnings are expected on November 3rd.