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Ford put volume heavy and directionally bearish

Bearish flow noted in Ford (F) with 27,146 puts trading, or 4x expected. Most active are Aug-25 11 puts and Jul-25 11 puts, with total volume in those strikes near 15,900 contracts. The Put/Call Ratio is 1.68, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 30th.

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