Bearish flow noted in Flagstar Financial (FLG) Inc with 10,094 puts trading, or 17x expected. Most active are Jul-25 11 puts and Oct-25 12.5 calls, with total volume in those strikes near 10,100 contracts. The Put/Call Ratio is 24.56, while ATM IV is up over 1 point on the day. Earnings are expected on July 24th.
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