Bearish flow noted in Fifth Third with 8,992 puts trading, or 1.1x expected. Most active are May-23 25 puts and Aug-23 28 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 2.86, while ATM IV is up over 5 points on the day. Earnings are expected on April 20th.
Published first on TheFly
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