Bearish flow noted in PulteGroup with 5,185 puts trading, or 4x expected. Most active are Aug-23 80 puts and 8/25 weekly 79 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 2.18, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 24th.
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