Bearish flow noted in Regions Financial with 3,968 puts trading, or 3x expected. Most active are Jan-24 22 puts and Aug-23 20 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 6.28, while ATM IV is up over 1 point on the day. Earnings are expected on April 21st.
Published first on TheFly
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