Match Group put volume heavy and directionally bearish

Bearish flow noted in Match Group with 11,845 puts trading, or 1.6x expected. Most active are Jun-24 27 puts and Jun-24 35 calls, with total volume in those strikes near 11,200 contracts. The Put/Call Ratio is 5.79, while ATM IV is up over 1 point on the day. Earnings are expected on August 6th.

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