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Deutsche Bank put volume heavy and directionally bearish

Bearish flow noted in Deutsche Bank with 2,542 puts trading, or 13x expected. Most active are Jul-24 15 puts and Jul-24 15 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 5.70, while ATM IV is up over 4 points on the day. Earnings are expected on July 24th.

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