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Stellantis NV put volume heavy and directionally bearish

Bearish flow noted in Stellantis (STLA) NV with 2,986 puts trading, or 5x expected. Most active are Jun-26 8 puts and Sep-26 10 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 3.57, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 30th.

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