Bearish flow noted in EchoStar (SATS) with 2,760 puts trading, or 1.6x expected. Most active are Jun-25 18 puts and Jul-25 19 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 67.32, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 7th.
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