Bearish flow noted in Applied Optoelectronics with 1,534 puts trading, or 1.9x expected. Most active are Jul-24 7 puts and 7/12 weekly 7.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.56, while ATM IV is up nearly 9 points on the day. Earnings are expected on August 8th.
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