Bearish flow noted in Affirm (AFRM) Holdings with 11,178 puts trading, or 4x expected. Most active are Aug-25 55 puts and Aug-25 60 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 1.56, while ATM IV is up over 1 point on the day. Earnings are expected on August 28th.
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