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T Mobile put volume heavy and directionally bearish

Bearish flow noted in T Mobile with 5,182 puts trading, or 3x expected. Most active are Jun-24 175 puts and Jun-24 180 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.61, while ATM IV is up over 2 points on the day. Earnings are expected on July 25th.

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