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Virgin Galactic put volume heavy and directionally bearish

Virgin Galactic put volume heavy and directionally bearish

Bearish flow noted in Virgin Galactic with 2,684 puts trading, or 1.3x expected. Most active are Jun-24 0.5 (nonstd SPCE1) puts and Jun-24 9 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 4.88, while ATM IV is up over 5 points on the day. Earnings are expected on July 30th.

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