Bearish flow noted in Trade Desk (TTD) with 32,140 puts trading, or 2x expected. Most active are Jul-25 105 puts and Jul-25 100 puts, with total volume in those strikes near 16,300 contracts. The Put/Call Ratio is 2.55, while ATM IV is up over 1 point on the day. Earnings are expected on August 7th.
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