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iRobot put volume heavy and directionally bearish

Bearish flow noted in iRobot with 1,539 puts trading, or 1.4x expected. Most active are Jul-23 45 puts and Jul-23 50 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 7.70, while ATM IV is up nearly 10 points on the day. Earnings are expected on August 4th.

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