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V F Corp put volume heavy and directionally bearish

Bearish flow noted in V F Corp with 9,131 puts trading, or 1.8x expected. Most active are 7/25 weekly 12 puts and Jan-26 15 calls, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 2.57, while ATM IV is up over 7 points on the day. Earnings are expected on August 5th.

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