Bearish flow noted in Sarepta (SRPT) with 3,880 puts trading, or 3x expected. Most active are Jul-25 17.5 puts and 7/25 weekly 17.5 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 4.87, while ATM IV is up nearly 5 points on the day. Earnings are expected on August 6th.
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