Archer Daniels put volume heavy and directionally bearish
The Fly

Archer Daniels put volume heavy and directionally bearish

Bearish flow noted in Archer Daniels with 5,373 puts trading, or 1.7x expected. Most active are 8/2 weekly 66 puts and 8/2 weekly 65 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 1.80, while ATM IV is up over 7 points on the day. Earnings are expected on July 30th.

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