Bearish flow noted in Sweetgreen (SG) with 3,932 puts trading, or 3x expected. Most active are Aug-25 11 puts and Aug-25 12.5 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 2.65, while ATM IV is up over 1 point on the day. Earnings are expected on August 7th.
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