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Sweetgreen put volume heavy and directionally bearish

Bearish flow noted in Sweetgreen (SG) with 3,339 puts trading, or 1.3x expected. Most active are Jun-25 13 puts and Jan-26 13 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.52, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 7th.

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