Bearish flow noted in JetBlue with 23,743 puts trading, or 14x expected. Most active are 8/25 weekly 7.5 puts and 8/4 weekly 8.5 calls, with total volume in those strikes near 21,000 contracts. The Put/Call Ratio is 2.33, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 1st.
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