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Albertsons put volume heavy and directionally bearish

Bearish flow noted in Albertsons with 3,922 puts trading, or 7x expected. Most active are Jul-24 20 puts and Jan-25 27 calls, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 9.95, while ATM IV is up over 3 points on the day. Earnings are expected on April 9th.

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