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Luminar Technologies put volume heavy and directionally bearish

Bearish flow noted in Luminar Technologies with 10,676 puts trading, or 8x expected. Most active are Jul-23 8 puts and Jul-23 8 calls, with total volume in those strikes near 11,100 contracts. The Put/Call Ratio is 3.26, while ATM IV is up over 3 points on the day. Earnings are expected on August 8th.

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