Bearish flow noted in Teladoc with 3,772 puts trading, or 7x expected. Most active are 7/26 weekly 8 puts and 8/2 weekly 8 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.41, while ATM IV is up over 4 points on the day. Earnings are expected on July 23rd.
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