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Array Technologies put volume heavy and directionally bearish

Bearish flow noted in Array Technologies with 1,370 puts trading, or 5x expected. Most active are Jul-24 12.5 puts and Jun-24 15 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.26, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 6th.

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