Bearish flow noted in Redfin with 4,391 puts trading, or 1.1x expected. Most active are 6/7 weekly 7 puts and Aug-24 12 calls, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 2.11, while ATM IV is up over 60 points on the day. Earnings are expected on August 1st.
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