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Halliburton put volume heavy and directionally bearish

Bearish flow noted in Halliburton (HAL) with 12,796 puts trading, or 1.3x expected. Most active are Jun-25 19 puts and 6/6 weekly 21 calls, with total volume in those strikes near 7,700 contracts. The Put/Call Ratio is 3.14, while ATM IV is up over 1 point on the day. Earnings are expected on July 18th.

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