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Dollar General put volume heavy and directionally bearish

Bearish flow noted in Dollar General with 5,475 puts trading, or 2.0x expected. Most active are Jun-24 125 puts and Jun-24 132 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 2.20, while ATM IV is up over 1 point on the day. Earnings are expected on May 30th.

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