Bearish flow noted in Weight Watchers with 3,966 puts trading, or 3x expected. Most active are Jan-24 7.5 puts and Jan-24 10 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 3.74, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 3rd.
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