Bearish flow noted in Annaly Capital with 4,379 puts trading, or 2x expected. Most active are Apr-23 20 puts and 3/3 weekly 20 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.77, while ATM IV is up over 2 points on the day. Earnings are expected on April 26th.
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