Bearish flow noted in Annaly Capital with 5,188 puts trading, or 3x expected. Most active are Jun-24 18 puts and May-24 18.5 puts, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 2.27, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 24th.
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