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KKR put volume heavy and directionally bearish

Bearish flow noted in KKR (KKR) with 4,984 puts trading, or 3x expected. Most active are Jan-26 100 puts and Jul-25 140 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.87, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 31st.

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