Bearish flow noted in Lincoln National with 3,398 puts trading, or 1.4x expected. Most active are Jul-23 22.5 puts and Apr-23 22.5 calls, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 3.17, while ATM IV is up nearly 7 points on the day. Earnings are expected on May 9th.
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Published first on TheFly
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