Bearish flow noted in Charles Schwab with 12,606 puts trading, or 3x expected. Most active are 2/2 weekly 61 puts and 2/2 weekly 60 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 5.12, while ATM IV is up over 1 point on the day. Earnings are expected on April 15th.
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