Bearish flow noted in Comerica with 2,078 puts trading, or 1.0x expected. Most active are 7/14 weekly 40 puts and Jul-23 42.5 calls, with total volume in those strikes near 730 contracts. The Put/Call Ratio is 1.96, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 21st.
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