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Halliburton put volume heavy and directionally bearish

Bearish flow noted in Halliburton (HAL) with 10,092 puts trading, or 2x expected. Most active are 6/27 weekly 20 puts and Jun-25 22 calls, with total volume in those strikes near 8,500 contracts. The Put/Call Ratio is 2.17, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 18th.

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