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Recursion Pharmaceuticals put volume heavy and directionally bearish

Bearish flow noted in Recursion Pharmaceuticals with 1,044 puts trading, or 2x expected. Most active are Sep-24 12 puts and Aug-24 10 calls, with total volume in those strikes near 930 contracts. The Put/Call Ratio is 1.92, while ATM IV is up over 1 point on the day. Earnings are expected on August 6th.

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