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EOG Resources put volume heavy and directionally bearish

Bearish flow noted in EOG Resources with 2,433 puts trading, or 1.4x expected. Most active are Jul-24 125 puts and 5/31 weekly 114 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.04, while ATM IV is up over 1 point on the day. Earnings are expected on August 1st.

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