Bearish flow noted in PulteGroup with 2,453 puts trading, or 2x expected. Most active are Jul-23 77 calls and 7/7 weekly 74 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.91, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 25th.
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