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TJX put volume heavy and directionally bearish

Bearish flow noted in TJX (TJX) with 12,348 puts trading, or 10x expected. Most active are 8/22 weekly 111 puts and Aug-25 120 puts, with total volume in those strikes near 11,200 contracts. The Put/Call Ratio is 11.76, while ATM IV is up over 1 point on the day. Earnings are expected on August 20th.

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