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AGNC Investment Corp. put volume heavy and directionally bearish

Bearish flow noted in AGNC Investment (AGNC) Corp. with 43,137 puts trading, or 17x expected. Most active are Jul-25 6 puts and Jul-25 8 puts, with total volume in those strikes near 35,000 contracts. The Put/Call Ratio is 26.94, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 21st.

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