Bearish flow noted in Monster Beverage with 4,564 puts trading, or 8x expected. Most active are 8/9 weekly 51 puts and 8/9 weekly 48.5 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 4.74, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 7th.
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