Bearish flow noted in HP Inc. with 3,006 puts trading, or 1.3x expected. Most active are 7/26 weekly 32.5 puts and 7/26 weekly 33 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 1.83, while ATM IV is up over 2 points on the day. Earnings are expected on August 27th.
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