Bearish flow noted in Regions Financial with 13,549 puts trading, or 20x expected. Most active are Apr-23 15 puts and Apr-23 16 puts, with total volume in those strikes near 11,800 contracts. The Put/Call Ratio is 46.09, while ATM IV is up over 28 points on the day. Earnings are expected on April 21st.
Published first on TheFly
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