Bearish flow noted in D R Horton with 2,266 puts trading, or 1.9x expected. Most active are 6/6 weekly 119 puts and 6/6 weekly 121 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 5.90, while ATM IV is up over 1 point on the day. Earnings are expected on July 22nd.
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