Bearish flow noted in Dow Chemical with 12,344 puts trading, or 3x expected. Most active are 7/25 weekly 25 puts and Dec-25 37.5 calls, with total volume in those strikes near 11,200 contracts. The Put/Call Ratio is 5.27, while ATM IV is up over 3 points on the day. Earnings are expected on July 24th.
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