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Farfetch Limited put volume heavy and directionally bearish

Bearish flow noted in Farfetch Limited with 5,309 puts trading, or 2.0x expected. Most active are Aug-23 5 puts and Jan-25 10 calls, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 1.55, while ATM IV is up over 1 point on the day. Earnings are expected on August 17th.

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