Bearish flow noted in Truist Financial with 13,829 puts trading, or 3x expected. Most active are Jun-23 30 puts and 4/28 weekly 29.5 puts, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 3.08, while ATM IV is up nearly 15 points on the day. Earnings are expected on July 20th.
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Published first on TheFly
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