Bearish flow noted in MetLife with 6,748 puts trading, or 4x expected. Most active are Jan-24 50 puts and May-23 55 puts, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 4.35, while ATM IV is up over 2 points on the day. Earnings are expected on May 3rd.
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Published first on TheFly
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