Bearish flow noted in US Bancorp with 8,332 puts trading, or 12x expected. Most active are May-23 40 puts and Jun-23 37.5 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 1.61, 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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