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Corebridge Financial put volume heavy and directionally bearish

Bearish flow noted in Corebridge Financial with 2,340 puts trading, or 1.4x expected. Most active are Aug-24 29 puts and Jul-24 30 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 61.58, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 2nd.

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