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Stratasys put volume heavy and directionally bearish

Bearish flow noted in Stratasys with 3,216 puts trading, or 3x expected. Most active are Jan-25 17.5 puts and Aug-23 22.5 calls, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 4.95, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 9th.

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