Tyson Foods put volume heavy and directionally bearish

Bearish flow noted in Tyson Foods with 4,355 puts trading, or 2x expected. Most active are Jun-24 55 puts and Sep-24 47.5 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.99, while ATM IV is up over 1 point on the day. Earnings are expected on August 5th.