Bearish flow noted in Newsmax (NMAX) Inc. with 1,060 puts trading, or 2x expected. Most active are 6/6 weekly 20 puts and 6/6 weekly 20 calls, with total volume in those strikes near 640 contracts. The Put/Call Ratio is 2.00, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 7th.
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