Bearish flow noted in Southern Co with 1,767 puts trading, or 1.5x expected. Most active are 5/10 weekly 75 puts and Jun-24 75 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.60, while ATM IV is up over 1 point on the day. Earnings are expected on August 8th.
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