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Globe Life put volume heavy and directionally bearish

Bearish flow noted in Globe Life with 2,032 puts trading, or 3x expected. Most active are 6/7 weekly 80 puts and 6/7 weekly 82 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 13.03, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.

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