Bearish flow noted in B Riley Financial with 9,779 puts trading, or 1.2x expected. Most active are 7/26 weekly 15.5 puts and 8/2 weekly 16.5 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 3.45, while ATM IV is up over 33 points on the day. Earnings are expected on August 7th.
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