Bearish flow noted in Truist Financial with 5,121 puts trading, or 2x expected. Most active are 4/28 weekly 31.5 puts and 4/28 weekly 32 puts, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 2.75, while ATM IV is up nearly 6 points on the day. Earnings are expected on July 20th.
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Published first on TheFly
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