Bearish flow noted in Symbiotic with 16,764 puts trading, or 28x expected. Most active are Aug-25 37.5 puts and Aug-25 30 puts, with total volume in those strikes near 14,600 contracts. The Put/Call Ratio is 7.98, while ATM IV is up over 15 points on the day. Earnings are expected on July 28th.
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