Bearish flow noted in Applied Optoelectronics with 1,693 puts trading, or 3x expected. Most active are 5/31 weekly 13 puts and 5/31 weekly 12 puts, with total volume in those strikes near 720 contracts. The Put/Call Ratio is 3.53, while ATM IV is up over 5 points on the day. Earnings are expected on August 8th.
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