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Bank of America put volume heavy and directionally bearish

Bearish flow noted in Bank of America with 26,196 puts trading, or 2x expected. Most active are Jun-24 39 puts and Sep-24 30 puts, with total volume in those strikes near 16,200 contracts. The Put/Call Ratio is 1.64, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 16th.

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