Bearish flow noted in Truist Financial with 1,538 puts trading, or 1.7x expected. Most active are 7/14 weekly 27 puts and Jul-23 30 puts, with total volume in those strikes near 930 contracts. The Put/Call Ratio is 2.20, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 20th.
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Published first on TheFly
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