Bearish flow noted in Southern Co with 1,787 puts trading, or 1.9x expected. Most active are 6/14 weekly 72 puts and 6/14 weekly 67 puts, with total volume in those strikes near 910 contracts. The Put/Call Ratio is 2.85, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 8th.
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