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ALTC Acquisition Corp put volume heavy and directionally bearish

Bearish flow noted in ALTC Acquisition Corp with 14,091 puts trading, or 5x expected. Most active are Jan-25 22 puts and Jan-25 20 puts, with total volume in those strikes near 10,400 contracts. The Put/Call Ratio is 1.61, while ATM IV is up over 17 points on the day. Earnings are expected on March 27th.

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