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Applied Optoelectronics put volume heavy and directionally bearish
The Fly

Applied Optoelectronics put volume heavy and directionally bearish

Bearish flow noted in Applied Optoelectronics with 1,534 puts trading, or 1.9x expected. Most active are Jul-24 7 puts and 7/12 weekly 7.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.56, while ATM IV is up nearly 9 points on the day. Earnings are expected on August 8th.

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