Bearish flow noted in Lyft with 10,488 puts trading, or 3x expected. Most active are Jul-23 9 puts and 7/7 weekly 10 puts, with total volume in those strikes near 8,000 contracts. The Put/Call Ratio is 1.68, while ATM IV is up over 2 points on the day. Earnings are expected on August 3rd.
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