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Tractor Supply put volume heavy and directionally bearish

Bearish flow noted in Tractor Supply (TSCO) with 5,872 puts trading, or 2x expected. Most active are 7/11 weekly 52 puts and Jul-25 57 calls, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 3.07, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 24th.

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