Bearish flow noted in US Bancorp with 14,406 puts trading, or 3x expected. Most active are Apr-23 33 puts and 4/28 weekly 20 puts, with total volume in those strikes near 11,200 contracts. The Put/Call Ratio is 6.61, while ATM IV is up over 4 points on the day. Earnings are expected on April 19th.
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Published first on TheFly
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