Bearish flow noted in T Mobile with 11,641 puts trading, or 1.7x expected. Most active are Jan-24 120 puts and Aug-23 80 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 1.82, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 26th.
Published first on TheFly
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