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Charter put volume heavy and directionally bearish

Charter put volume heavy and directionally bearish

Bearish flow noted in Charter with 1,884 puts trading, or 1.8x expected. Most active are Jun-24 267.5 puts and Jun-24 260 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 4.55, while ATM IV is up over 1 point on the day. Earnings are expected on July 26th.

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