Bearish flow noted in Suncor (SU) with 8,550 puts trading, or 5x expected. Most active are Nov-25 39 puts and Aug-25 38 puts, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 3.52, while ATM IV is up over 2 points on the day. Earnings are expected on August 6th.
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