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Coeur Mining put volume heavy and directionally bearish

Bearish flow noted in Coeur Mining (CDE) with 1,121 puts trading, or 4x expected. Most active are Dec-25 5 puts and Jul-25 7.5 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 3.30, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 11th.

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