Bearish flow noted in QXO (QXO) Inc with 4,517 puts trading, or 1.5x expected. Most active are Jan-26 20 puts and Jul-25 23 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 1.83, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 6th.
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