Bearish flow noted in QXO (QXO) Inc with 5,666 puts trading, or 3x expected. Most active are Jan-26 20 puts and Sep-25 16 puts, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 2.48, while ATM IV is up over 1 point on the day. Earnings are expected on August 6th.
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