Bearish flow noted in Crexendo Inc with 1,555 puts trading, or 1.2x expected. Most active are Jul-25 110 puts and Jul-25 105 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.65, while ATM IV is up over 1 point on the day. Earnings are expected on July 29th.
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