Bearish flow noted in Truist Financial with 26,976 puts trading, or 7x expected. Most active are May-23 35 calls and May-23 32.5 puts, with total volume in those strikes near 12,700 contracts. The Put/Call Ratio is 1.61, while ATM IV is up over 8 points on the day. Earnings are expected on July 20th.
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