Bearish flow noted in Joby Aviation (JOBY) with 9,606 puts trading, or 1.1x expected. Most active are Jan-26 5 puts and Aug-25 16 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 2.05, while ATM IV is up over 1 point on the day. Earnings are expected on August 6th.
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