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Globe Life put volume heavy and directionally bearish

Globe Life put volume heavy and directionally bearish

Bearish flow noted in Globe Life with 1,345 puts trading, or 1.2x expected. Most active are Jun-24 76.5 puts and Jun-24 81.5 puts, with total volume in those strikes near 800 contracts. The Put/Call Ratio is 3.57, while ATM IV is up over 1 point on the day. Earnings are expected on July 31st.

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