Bearish flow noted in Pinterest with 2,592 puts trading, or 2x expected. Most active are 6/28 weekly 43 puts and 7/5 weekly 45.5 calls, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 2.21, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 1st.
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