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Albertsons put volume heavy and directionally bearish

Bearish flow noted in Albertsons with 2,099 puts trading, or 1.9x expected. Most active are Apr-24 20 puts and Aug-24 22 calls, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 12.27, while ATM IV is up over 4 points on the day. Earnings are expected on April 9th.

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