Bearish flow noted in Trade Desk with 5,028 puts trading, or 1.3x expected. Most active are Aug-23 80 puts and 7/28 weekly 85 calls, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 1.58, while ATM IV is up over 2 points on the day. Earnings are expected on August 9th.
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