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Redfin put volume heavy and directionally bearish
The Fly

Redfin put volume heavy and directionally bearish

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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