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Charter put volume heavy and directionally bearish

Charter put volume heavy and directionally bearish

Bearish flow noted in Charter with 1,950 puts trading, or 1.5x expected. Most active are Dec-24 210 puts and Jul-24 225 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.53, while ATM IV is up over 1 point on the day. Earnings are expected on July 26th.

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