Bearish flow noted in United Rentals with 1,666 puts trading, or 1.5x expected. Most active are Sep-23 300 puts and 6/23 weekly 400 puts, with total volume in those strikes near 920 contracts. The Put/Call Ratio is 2.30, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 26th.
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