Bearish flow noted in Blackstone with 6,593 puts trading, or 1.0x expected. Most active are Jun-24 125 puts and 6/7 weekly 119 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.81, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 18th.
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