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Live Nation put volume heavy and directionally bearish

Bearish flow noted in Live Nation with 5,680 puts trading, or 9x expected. Most active are Jun-24 87.5 puts and Jun-24 90 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 4.79, while ATM IV is up over 6 points on the day. Earnings are expected on July 25th.

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