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Medical Properties Trust put volume heavy and directionally bearish

Bearish flow noted in Medical Properties Trust with 10,447 puts trading, or 1.1x expected. Most active are Apr-23 10 puts and Apr-23 13 calls, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.87, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 23rd.

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