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Truist Financial put volume heavy and directionally bearish

Bearish flow noted in Truist Financial (TFC) with 4,204 puts trading, or 3x expected. Most active are Sep-26 35 puts and Jan-26 42.5 calls, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 2.28, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 17th.

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