Bearish flow noted in Groupon with 2,130 puts trading, or 3x expected. Most active are 7/12 weekly 14 puts and Aug-24 13 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.67, while ATM IV is up over 17 points on the day. Earnings are expected on August 8th.
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