Bearish flow noted in Flagstar Financial (FLG) Inc with 8,227 puts trading, or 12x expected. Most active are Jan-26 10 puts and Jul-25 11 puts, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 11.07, while ATM IV is up over 7 points on the day. Earnings are expected on July 24th.
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