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V F Corp put volume heavy and directionally bearish

Bearish flow noted in V F Corp with 15,892 puts trading, or 10x expected. Most active are Jul-25 10 puts and Jul-25 10.5 puts, with total volume in those strikes near 15,000 contracts. The Put/Call Ratio is 9.64, while ATM IV is up over 8 points on the day. Earnings are expected on August 5th.

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