Bearish flow noted in Starwood Property with 2,874 puts trading, or 1.9x expected. Most active are Jun-24 15 puts and Jul-23 19 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 2.77, while ATM IV is up over 1 point on the day. Earnings are expected on August 3rd.
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