Bearish flow noted in Zillow with 5,682 puts trading, or 3x expected. Most active are 8/9 weekly 38 puts and 8/9 weekly 46 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 2.46, while ATM IV is up over 4 points on the day. Earnings are expected on August 7th.
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