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CommScope put volume heavy and directionally bearish

Bearish flow noted in CommScope (COMM) with 2,149 puts trading, or 3x expected. Most active are Aug-25 5 puts and Jun-25 6 calls, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 3.34, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.

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