Bearish flow noted in MetLife with 7,739 puts trading, or 1.2x expected. Most active are 3/24 weekly 53 puts and Jan-24 42.5 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.80, while ATM IV is up nearly 12 points on the day. Earnings are expected on May 3rd.
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Published first on TheFly
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