Bearish flow noted in Paramount (PARA) Global with 3,207 puts trading, or 1.3x expected. Most active are Jun-25 11 puts and Jun-25 12 calls, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 8 points on the day. Earnings are expected on August 7th.
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