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B Riley Financial put volume heavy and directionally bearish

Bearish flow noted in B Riley Financial with 19,246 puts trading, or 3x expected. Most active are Aug-24 5 puts and 8/23 weekly 2.5 puts, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 5.43, while ATM IV is up nearly 47 points on the day. Earnings are expected on August 20th.

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