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Match Group put volume heavy and directionally bearish

Bearish flow noted in Match Group with 8,753 puts trading, or 6x expected. Most active are Aug-23 32.5 puts and Jul-23 36 puts, with total volume in those strikes near 7,100 contracts. The Put/Call Ratio is 8.24, while ATM IV is up over 1 point on the day. Earnings are expected on August 1st.

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