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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