Bearish flow noted in Lemonade with 3,851 puts trading, or 1.5x expected. Most active are Jun-24 15.5 puts and 6/7 weekly 14 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 2.26, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.
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