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Seagate put volume heavy and directionally bearish

Bearish flow noted in Seagate with 4,734 puts trading, or 4x expected. Most active are 2/23 weekly 83 puts and 2/23 weekly 84 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 17.53, while ATM IV is up over 1 point on the day. Earnings are expected on April 18th.

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