Bearish flow noted in NEWSMAX (NMAX) INC with 2,200 puts trading, or 3x expected. Most active are 6/6 weekly 20 puts and 5/30 weekly 22 puts, with total volume in those strikes near 880 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 4 points on the day. Earnings are expected on August 7th.
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