Shoals Technologies Group put volume heavy and directionally bearish

Bearish flow noted in Shoals Technologies Group with 1,649 puts trading, or 3x expected. Most active are Jul-24 6 puts and Jan-25 7.5 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 9.01, while ATM IV is up over 1 point on the day. Earnings are expected on July 30th.

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