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Eaton put volume heavy and directionally bearish

Bearish flow noted in Eaton with 1,529 puts trading, or 1.7x expected. Most active are Jul-24 300 puts and Jul-24 320 calls, with total volume in those strikes near 970 contracts. The Put/Call Ratio is 1.53, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 30th.

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