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Constellation Energy put volume heavy and directionally bearish

Bearish flow noted in Constellation Energy with 3,625 puts trading, or 1.7x expected. Most active are Aug-24 175 puts and Nov-24 165 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 2.27, while ATM IV is up over 1 point on the day. Earnings are expected on August 6th.

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