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Oracle put volume heavy and directionally bearish

Bearish flow noted in Oracle with 5,807 puts trading, or 1.7x expected. Most active are Oct-24 125 puts and Dec-24 130 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 2.91, while ATM IV is up nearly 2 points on the day. Earnings are expected on September 9th.

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