Bearish flow noted in Celestica (CLS) with 2,385 puts trading, or 1.0x expected. Most active are 5/8 weekly 380 puts and 5/8 weekly 375 puts, with total volume in those strikes near 650 contracts. The Put/Call Ratio is 2.28, while ATM IV is up over 1 point on the day. Earnings are expected on July 27th.
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