Bearish flow noted in Citizens Financial with 10,360 puts trading, or 5x expected. Most active are May-23 32.5 calls and May-23 25 puts, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 1.67, while ATM IV is up nearly 12 points on the day. Earnings are expected on July 19th.
Published first on TheFly
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