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Accenture put volume heavy and directionally bearish

Bearish flow noted in Accenture with 1,234 puts trading, or 1.1x expected. Most active are May-23 270 puts and Jun-23 300 calls, with total volume in those strikes near 870 contracts. The Put/Call Ratio is 1.55, while ATM IV is up over 1 point on the day. Earnings are expected on June 22nd.

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Published first on TheFly

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