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TakeTwo Interactive Software put volume heavy and directionally bearish

Bearish flow noted in TakeTwo Interactive Software with 1,871 puts trading, or 3x expected. Most active are 8/9 weekly 140 puts and 8/9 weekly 131 puts, with total volume in those strikes near 800 contracts. The Put/Call Ratio is 2.07, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 8th.

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