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Medical Properties Trust put volume heavy and directionally bearish

Bearish flow noted in Medical Properties Trust with 34,136 puts trading, or 3x expected. Most active are 5/24 weekly 4.5 puts and May-24 4.5 puts, with total volume in those strikes near 12,500 contracts. The Put/Call Ratio is 5.33, while ATM IV is up over 19 points on the day. Earnings are expected on August 6th.

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