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Carrier Global put volume heavy and directionally bearish

Bearish flow noted in Carrier Global (CARR) with 1,538 puts trading, or 1.3x expected. Most active are Jul-25 70 puts and Jul-25 67.5 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 61.52, while ATM IV is up over 1 point on the day. Earnings are expected on July 31st.

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