Bearish flow noted in United Rentals with 1,784 puts trading, or 2x expected. Most active are 7/7 weekly 415 puts and 6/30 weekly 420 calls, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.66, while ATM IV is up over 3 points on the day. Earnings are expected on July 26th.
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Published first on TheFly
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