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Citizens Financial put volume heavy and directionally bearish

Bearish flow noted in Citizens Financial with 6,564 puts trading, or 3x expected. Most active are Apr-23 30 puts and Apr-23 32.5 calls, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 6.59, while ATM IV is up over 7 points on the day. Earnings are expected on April 19th.

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Published first on TheFly

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