Bearish flow noted in Zillow with 14,079 puts trading, or 1.9x expected. Most active are Aug-24 42.5 puts and 7/12 weekly 43 puts, with total volume in those strikes near 7,100 contracts. The Put/Call Ratio is 3.65, while ATM IV is up over 3 points on the day. Earnings are expected on July 31st.
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