Bearish flow noted in NEWSMAX (NMAX) INC with 3,886 puts trading, or 11x expected. Most active are 5/30 weekly 19 puts and Jul-25 20 calls, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.61, while ATM IV is up nearly 6 points on the day. Earnings are expected on August 7th.
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