Bearish flow noted in Zillow (Z) with 2,349 puts trading, or 3x expected. Most active are Aug-25 70 puts and Sep-26 45 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 7.48, while ATM IV is up over 1 point on the day. Earnings are expected on August 6th.
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