Bearish flow noted in EchoStar (SATS) with 8,802 puts trading, or 2x expected. Most active are Jun-25 14 puts and Jun-25 8 puts, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 7.70, while ATM IV is up over 8 points on the day. Earnings are expected on August 7th.
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