Bearish flow noted in Zillow (Z) with 2,204 puts trading, or 2x expected. Most active are 8/1 weekly 81 puts and 8/1 weekly 80 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 4.28, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 6th.
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