Bearish flow noted in Zeta Global (ZETA) Holdings with 5,762 puts trading, or 13x expected. Most active are Oct-25 7.5 puts and Jul-25 15 calls, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 4.34, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.
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