Bearish flow noted in Mattel (MAT) with 6,798 puts trading, or 11x expected. Most active are May-25 16 puts and Jul-25 17 puts, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 7.47, while ATM IV is up nearly 4 points on the day. Earnings are expected on July 22nd.
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