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KeyCorp put volume heavy and directionally bearish

Bearish flow noted in KeyCorp with 7,213 puts trading, or 5x expected. Most active are Dec-23 9 puts and 9/29 weekly 10 puts, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 2.91, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 19th.

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