Bearish flow noted in US Bancorp with 3,263 puts trading, or 8x expected. Most active are Mar-23 44 puts and Mar-23 42.5 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 2.14, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.
Published first on TheFly
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