Bearish flow noted in D R Horton with 2,238 puts trading, or 1.5x expected. Most active are Jan-26 80 puts and Sep-25 140 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.11, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 22nd.
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