Bearish flow noted in Futu Holdings with 1,610 puts trading, or 1.7x expected. Most active are 8/9 weekly 58 puts and Aug-24 56 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.68, while ATM IV is up nearly 5 points on the day. Earnings are expected on August 20th.
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