Bearish flow noted in Analog Devices with 1,630 puts trading, or 1.0x expected. Most active are Sep-23 170 puts and 7/7 weekly 187.5 puts, with total volume in those strikes near 490 contracts. The Put/Call Ratio is 2.23, while ATM IV is up over 1 point on the day. Earnings are expected on August 23rd.
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