Bearish flow noted in Scorpio Tankers with 2,217 puts trading, or 1.5x expected. Most active are Aug-24 70 puts and 8/2 weekly 69 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.65, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 30th.
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