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Big Lots put volume heavy and directionally bearish

Bearish flow noted in Big Lots with 6,233 puts trading, or 5x expected. Most active are Mar-23 15 puts and Apr-23 15 puts, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 15.28, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 26th.

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Published first on TheFly

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