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Herbalife put volume heavy and directionally bearish
The Fly

Herbalife put volume heavy and directionally bearish

Bearish flow noted in Herbalife with 4,395 puts trading, or 2x expected. Most active are Aug-24 7.5 puts and 7/26 weekly 10 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 7.92, while ATM IV is up nearly 15 points on the day. Earnings are expected on July 31st.

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