US Bancorp put volume heavy and directionally bearish
The Fly

US Bancorp put volume heavy and directionally bearish

Bearish flow noted in US Bancorp with 14,325 puts trading, or 3x expected. Most active are Apr-24 42.5 puts and 3/8 weekly 43.5 puts, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 4.38, while ATM IV is up over 1 point on the day. Earnings are expected on April 17th.

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