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Kroger put volume heavy and directionally bearish

Bearish flow noted in Kroger with 2,308 puts trading, or 2x expected. Most active are May-24 56 puts and May-24 57 calls, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.40, while ATM IV is up nearly 2 points on the day. Earnings are expected on June 20th.

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