Bearish flow noted in Best Buy (BBY) with 1,634 puts trading, or 1.3x expected. Most active are 8/29 weekly 72 puts and 8/29 weekly 67 puts, with total volume in those strikes near 540 contracts. The Put/Call Ratio is 3.26, while ATM IV is up over 5 points on the day. Earnings are expected on August 28th.
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