Bearish flow noted in T Mobile with 9,774 puts trading, or 1.1x expected. Most active are 7/5 weekly 167.5 puts and 7/5 weekly 175 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 4.39, while ATM IV is up over 1 point on the day. Earnings are expected on July 31st.
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