Bearish flow noted in Flagstar Financial (FLG) Inc with 1,799 puts trading, or 1.4x expected. Most active are Aug-25 12 puts and Sep-25 13 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 5.01, while ATM IV is up over 2 points on the day. Earnings are expected on July 25th.
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