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Medical Properties Trust put volume heavy and directionally bearish

Bearish flow noted in Medical Properties Trust with 18,949 puts trading, or 1.9x expected. Most active are Jan-23 10 puts and Oct-23 8 puts, with total volume in those strikes near 8,100 contracts. The Put/Call Ratio is 6.65, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 2nd.

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