Bearish flow noted in KeyCorp with 14,965 puts trading, or 5x expected. Most active are Jun-23 10.5 puts and Jun-23 10 puts, with total volume in those strikes near 12,800 contracts. The Put/Call Ratio is 4.52, while ATM IV is up over 9 points on the day. Earnings are expected on July 20th.
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Published first on TheFly
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