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T Mobile put volume heavy and directionally bearish

Bearish flow noted in T Mobile with 9,490 puts trading, or 2x expected. Most active are Apr-23 150 calls and 2/24 weekly 144 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 1.84, while ATM IV is up over 1 point on the day. Earnings are expected on April 27th.

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Published first on TheFly

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