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Dow Chemical put volume heavy and directionally bearish
The Fly

Dow Chemical put volume heavy and directionally bearish

Bearish flow noted in Dow Chemical with 7,420 puts trading, or 1.6x expected. Most active are Jan-24 50 puts and Jun-23 22.5 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.56, while ATM IV is up over 2 points on the day. Earnings are expected on April 20th.

Published first on TheFly

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