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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 3,329 puts trading, or 3x expected. Most active are Jan-26 3 puts and Aug-24 12 calls, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 5.10, while ATM IV is up over 1 point on the day. Earnings are expected on August 6th.

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