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Eaton put volume heavy and directionally bearish

Bearish flow noted in Eaton with 1,194 puts trading, or 1.4x expected. Most active are Jul-24 310 puts and Jun-24 320 puts, with total volume in those strikes near 990 contracts. The Put/Call Ratio is 2.26, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 30th.

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