Teladoc put volume heavy and directionally bearish
The Fly

Teladoc put volume heavy and directionally bearish

Bearish flow noted in Teladoc with 3,772 puts trading, or 7x expected. Most active are 7/26 weekly 8 puts and 8/2 weekly 8 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.41, while ATM IV is up over 4 points on the day. Earnings are expected on July 23rd.

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