Bearish flow noted in AES Corp. (AES) with 3,876 puts trading, or 1.4x expected. Most active are Aug-25 12 puts and 8/1 weekly 14 calls, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 2.15, while ATM IV is up over 4 points on the day. Earnings are expected on July 31st.
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