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Medical Properties Trust put volume heavy and directionally bearish

Bearish flow noted in Medical Properties Trust with 21,799 puts trading, or 1.0x expected. Most active are 5/31 weekly 5 puts and 5/31 weekly 4.5 puts, with total volume in those strikes near 13,600 contracts. The Put/Call Ratio is 1.81, while ATM IV is up over 8 points on the day. Earnings are expected on August 6th.

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