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Medical Properties Trust put volume heavy and directionally bearish

Bearish flow noted in Medical Properties Trust with 49,351 puts trading, or 3x expected. Most active are Aug-23 10 puts and Aug-23 9.5 puts, with total volume in those strikes near 21,200 contracts. The Put/Call Ratio is 2.12, while ATM IV is up nearly 8 points on the day. Earnings are expected on August 8th.

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