Bearish flow noted in Western Digital (WDC) with 3,465 puts trading, or 1.1x expected. Most active are Jun-25 45 puts and 5/30 weekly 49.5 calls, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 5.18, while ATM IV is up over 3 points on the day. Earnings are expected on July 31st.
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