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Mobileye put volume heavy and directionally bearish

Bearish flow noted in Mobileye with 1,098 puts trading, or 1.0x expected. Most active are May-24 30 puts and May-24 26 puts, with total volume in those strikes near 720 contracts. The Put/Call Ratio is 1.99, while ATM IV is up over 3 points on the day. Earnings are expected on July 25th.

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