Bearish flow noted in US Bancorp with 15,624 puts trading, or 15x expected. Most active are Mar-23 34 puts and Jun-23 45 calls, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 2.42, while ATM IV is up over 28 points on the day. Earnings are expected on April 25th.
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Published first on TheFly
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