Bearish flow noted in US Bancorp with 19,496 puts trading, or 2x expected. Most active are May-23 35 puts and Apr-23 33 puts, with total volume in those strikes near 8,300 contracts. The Put/Call Ratio is 3.53, while ATM IV is up over 1 point on the day. Earnings are expected on April 19th.
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Published first on TheFly
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