Bearish flow noted in Annaly Capital with 4,159 puts trading, or 8x expected. Most active are 7/26 weekly 20.5 puts and 8/2 weekly 20 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 7.69, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 24th.
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