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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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