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Medical Properties Trust put volume heavy and directionally bearish

Bearish flow noted in Medical Properties Trust with 12,292 puts trading, or 1.0x expected. Most active are 8/2 weekly 5 puts and 8/2 weekly 5.5 calls, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 1.97, while ATM IV is up nearly 14 points on the day. Earnings are expected on August 6th.

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