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Talen Energy Corp put volume heavy and directionally bearish

Bearish flow noted in Talen Energy (TLN) Corp with 1,241 puts trading, or 1.3x expected. Most active are Apr-25 175 puts and Apr-25 230 calls, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.16, while ATM IV is up over 3 points on the day. Earnings are expected on May 12th.

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