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Kinross Gold put volume heavy and directionally bearish

Bearish flow noted in Kinross Gold with 7,620 puts trading, or 7x expected. Most active are Jul-24 8 puts and Nov-24 8 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 2.45, while ATM IV is up over 4 points on the day. Earnings are expected on July 31st.

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