Bearish flow noted in Williams (WMB) with 3,240 puts trading, or 1.4x expected. Most active are 6/5 weekly 74 puts and Dec-26 80 calls, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 2.32, while ATM IV is up over 1 point on the day. Earnings are expected on August 3rd.
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