Bearish flow noted in Seagate (STX) with 4,152 puts trading, or 1.4x expected. Most active are Aug-25 115 puts and Jul-25 140 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 2.16, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 22nd.
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